El Paso Corporation : Finkelstein Thompson LLP Announces Investigation of El Paso Corp.
10/17/2011| 01:05pm US/Eastern
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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 contact@finkelsteinthompson.com.
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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