Kinder Morgan and El Paso Announce Preliminary Results of Merger Consideration Elections

Loading...
Loading...
Kinder Morgan, Inc.
KMI
and El Paso Corporation
EP
today announced the preliminary results of the elections made by El Paso stockholders regarding their preference as to the form of merger consideration they will receive in connection with El Paso's pending merger with Kinder Morgan, which is currently expected to be effective at 12:01 a.m., New York City time, on May 25, 2012. As previously announced, under the terms of the Agreement and Plan of Merger, dated as of October 16, 2011, by and among, among others, Kinder Morgan and El Paso, El Paso stockholders could elect to receive, for each share of El Paso common stock: 0.9635 of a share of Kinder Morgan Class P common stock and 0.640 of a warrant to purchase one share of Kinder Morgan Class P common stock ; $25.91 in cash without interest and the Per Share Warrant Consideration ; or 0.4187 of a share of Kinder Morgan Class P common stock, $14.65 in cash without interest and the Per Share Warrant Consideration.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsM&A
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...