Kinder Morgan (NYSE:KMI) will purchase El Paso Corp. (EP) in a $38B deal of cash, stock, and assumption of debt. The price - based on KMI's Friday close - works out to $26.87/share, a 37% premium over El Paso's last trade. KMI CEO Rich Kinder expects the transaction to be immediately accretive to the company's earnings. (PR)
Kinder Morgan (NYSE:KMI) will purchase El Paso Corp. (EP) in a $38B deal of cash, stock, and...
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