Monday, October 17, 2011

Kinder Morgan Buys El Paso...

Kinder Morgan Inc. (KMI). The company struck a $21 billion deal to buy rival El Paso Corp (EP), combining the two largest natural gas pipeline operators in North America in a huge bet on the fast-growing market for that fuel. The cash and stock deal announced on Sunday values El Paso at a 37 percent premium to its Friday market value.

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