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El Paso Pipeline Partners (EPB) agrees to acquire Cheyenne Plains Pipeline and additional...
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Friday, May 18, 2012, 8:20 AM ETEl 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.
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