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El Paso Corporation : Finkelstein Thompson LLP Announces Investigation of El Paso Corp.

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10/17/2011 | 07:05pm CEST

The law firm of Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of El Paso Corp. ("El Paso" or the "Company") (NYSE: EP), concerning the proposed acquisition of the Company by Kinder Morgan, Inc. (NYSE: KMI). Under the terms of the transaction, El Paso shareholders would receive $26.87 per share, in a deal worth approximately $21.1 billion.

El Paso has seen dramatic growth in the past several years, with its share price rising from $6.25 in March 2009 to as high as $20.55 in July 2011. Indeed, at least one analyst has set a target price of $28.00 for the Company's stock.

The investigation is focused on the potential unfairness of the consideration to El Paso's shareholders, the process by which the Company's Board of Directors considered the transaction, and potential conflicts of interests among El Paso's Board members.

If you are interested in discussing your rights as an El Paso shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at [email protected].

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Finkelstein Thompson LLP
Richard M. Volin, 877-337-1050

© Business Wire 2011
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