Kinder Morgan (NYSE:KMI) and El Paso Corporation (NYSE:EP) released an agreement for Kinder to acquire the outstanding shares of El Paso in a deal that will create the fourth largest energy company in North America. It will have 80,000 miles of pipelines. The total purchase price which includes all debt at El Paso Corporation and the debt outstanding at El Paso Pipeline Partners, L.P. (NYSE:EPB) is about $38 billion.
“This once in a lifetime transaction is a win-win opportunity for both companies,” said Kinder Morgan Chairman and CEO Richard D. Kinder.
“This once in a lifetime transaction is a win-win opportunity for both companies,” said Kinder Morgan Chairman and CEO Richard D. Kinder.
The El Paso assets are primarily regulated interstate natural gas pipelines that produce substantial, stable cash flow and have access to key supply regions and major consuming markets. The natural gas pipeline systems of the two companies are very complementary, as they primarily serve different supply sources and markets in the United States.
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Mon choix pour un investissement prudent et assez payant dans le "pipeline et stockage" c'est ALPS Alerian ETF avec son beau dividende.
AMLP.nyse
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