Kinder Morgan, Inc., Kinder Morgan Energy Partners, L.P., and El Paso Pipeline Partners, L.P. Announce Preliminary Results of Merger Consideration Elections
By a News Reporter-Staff News Editor at Energy Weekly News -- Kinder Morgan, Inc. (NYSE: KMI), Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and El Paso Pipeline Partners, L.P. (NYSE: EPB) announced the preliminary results of the elections made by KMP and EPB unitholders regarding their preference as to the form of merger consideration they will receive in connection with the pending mergers with KMI, which are currently expected to close on Nov. 26, 2014.
As previously announced, KMP and EPB unitholders had the option to elect, for each KMP or EPB common unit held, either cash, KMI common stock, or a combination of cash and KMI common stock. For both KMP and EPB unitholders, the all cash and all stock elections are subject to proration. The period for KMP and EPB unitholders to make their elections officially expired at 5:00 p.m. ET on Nov. 24, 2014 (the "Election Deadline").
Keywords for this news article include: Gas Utility Companies.
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