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Friday, May 18
2012, 8:20 AM
El Paso Pipeline Partners (EPB) agrees to acquire Cheyenne Plains Pipeline and additional...
El Paso Pipeline Partners (EPB) agrees to acquire Cheyenne Plains Pipeline and additional interest in Colorado Interstate Gas from El Paso Corp. (EP) for $635M and the assumption of ~$242M of proportional debt. The transaction, expected to close along side Kinder Morgan's acquisition of EP, will be immediately accretive to distributable cash flow.