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Kinder Morgan to Acquire El Paso for Approximately $38 Billion - Kinder Morgan Enhancing its Position to become a Significant Midstream Player in the US
GlobalData, Oct 2011, Pages: 8
Kinder Morgan to Acquire El Paso for Approximately $38 Billion - Kinder Morgan Enhancing its Position to become a Significant Midstream Player in the US - Deal Analysis From GlobalData
Summary
Kinder Morgan, Inc. (KMI), a pipeline transportation and energy storage company, entered into an agreement to acquire all the outstanding shares of El Paso Corporation (EP), an upstream and midstream energy company, for a purchase consideration of approximately $38 billion, including the assumption of outstanding debt of EP and El Paso Pipeline Partners, L.P (EPB).
Evercore Partners Inc. and Barclays Capital Inc. are acting as financial advisors, while Weil Gotshal & Manges LLP and Bracewell & Giuliani LLP are acting as legal advisors to KMI in the transaction. Morgan Stanley and The Goldman Sachs Group, Inc. are acting as financial advisors, while Wachtell, Lipton, Rosen & Katz is acting as legal advisor to EP in the transaction.
The transaction has been approved by both KMI’s and EP’s board of directors. The transaction is expected to be completed in the second quarter (Q2) of 2012, subject to approval of both KMI and EP shareholders and other customary regulatory approvals.
Scope
- Rationale behind Kinder Morgan's acquisition of El Paso,
- Strategic benefits for the companies involved,
- Geography covered -US
Reasons to buy
- Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures taking place in the US midstream industry,
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the US oil & gas market,
- Get a detailed analysis of a deal to enable you to take informed decisions.
Keywords
Kinder Morgan, El Paso, Acquisition, Midstream, Natural Gas Pipeline
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