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Apollo Global Management (APO) is leading a group that is close to buying El Paso's (EP)...

  • Friday, February 24, 2012, 3:30 AM ET
    Apollo Global Management (APO) is leading a group that is close to buying El Paso's (EP) oil-exploration business for around $7B, sources say, with a deal announcement possible as soon as today.
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This news story has 3 comments:

  •  
    How does this fit with EPs acquisition by Kinder Morgan?
    24 Feb 2012, 06:05 AM Reply Like
  •  
    Kinder Morgan is looking to offload EP's exploration and production business and will use the proceeds of the sale to pay down some of the debt KMI is taking on to fund its El Paso purchase.
    24 Feb 2012, 06:31 AM Reply Like
  •  
    The ARB opportunity still looks like a steal.
    24 Feb 2012, 11:36 AM Reply Like
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