In reaction to Spectra Energy Corp.'s (SE) decision to drop its US Transmission assets into Spectra Energy Partners (SEP), Sandell Asset Management's Chief Executive Officer Thomas Sandell sent a letter to Greg Ebel, Chief Executive Officer of Spectra Energy Corp.
The letter urges the firm to take further steps to unlock value including reviewing strategic alternatives for SE's Canadian operations (Westcoast Energy, Inc./WE) and DCP Midstream LLC. The strategic alternatives also include an IPO of WE.
Mr. Sandell also urged the firm to implement operational cost cuts across SE's entities that will reduce inefficiencies and boost profitability.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.