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Sandell vs. Spectra Energy Corp

Spectra Energy Corp · SE

1 deck published between 2013-06-01 and 2013-06-01 — 14 pages, 14 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2013-06-01 initial thesis

    2013 06 Sandell Spectra Energy Presentation Jun 2013

    14pp · full_deck

    Spectra Energy's conglomerate structure masks a premier energy infrastructure franchise; a three-step breakup — drop-down to SEP, WE IPO, DCP separation — unlocks $41-$48/share (32-55% upside).