HOUSTON (Reuters) - Activist investor Sandell Asset Management is urging Spectra Energy Corp to swap its interest in DCP Midstream Partners LLC for equity in Phillips 66's master limited partnership (MLP) in a deal meant to improve the valuation of the companies, according to a letter seen by Reuters.

from Reuters: Business News http://feeds.reuters.com/~r/reuters/businessNews/~3/bNc7pyF0Nq4/story01.htm
from Reuters: Business News http://feeds.reuters.com/~r/reuters/businessNews/~3/bNc7pyF0Nq4/story01.htm
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