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Kinder Morgan (KMI -0.1%; (KMP -1.8%) reaches a “verbal tentative agreement” with...

Kinder Morgan (KMI -0.1%; (KMP -1.8%) reaches a “verbal tentative agreement” with federal regulators to sell ~7,200 miles of pipeline to gain approval of its $23B acquisition of El Paso (EP +1%). The sale could bring in as much as $3B and reduces the combined companies’ market share in the Rocky Mountains to 38% from ~52%.
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