Enbridge plans to acquire Tallgrass’s crude oil business for $2.55 billion in cash.

Canadian energy company Enbridge plans to spend $2.55 billion in cash to acquire Tallgrass's crude oil-related business. If the acquisition proceeds smoothly, it is expected to further expand Enbridge's business footprint in the crude oil sector, enhance its competitiveness in the energy market, and potentially have an impact on the crude oil transportation and operation landscape in North America.