On May 17, 2018, Enbridge Inc. and Enbridge (U.S.) Inc. submitted a non-binding offer to Spectra Energy Partners, LP regarding a possible transaction pursuant to which Enbridge, through a wholly owned subsidiary would acquire all of the outstanding Common Units of the Company not already owned by Enbridge and its affiliates, at an exchange ratio of 1.0123 shares of Enbridge common stock for each common unit of the Company.