El Paso Pipeline Partners LP said it would purchase natural gas assets from Kinder Morgan Inc for about $2 billion, including $1.01 billion of debt.
El Paso Pipeline Partners, L.P. owns and operates interstate natural gas transportation and terminaling facilities. Shares of EPB traded higher by 1.12% or $0.36/share to $32.63. In the past year, the shares have traded as low as $28.87 and as high as $44.99. On average, 979835 shares of EPB exchange hands on a given day and today's volume is recorded at 1378288.
Kinder Morgan, Inc. (KMI) owns and manages a diversified portfolio of energy transportation and storage assets. Shares of KMI fell by 0.61% or $-0.2/share to $32.38. In the past year, the shares have traded as low as $30.81 and as high as $41.49. On average, 6752080 shares of KMI exchange hands on a given day and today's volume is recorded at 6946017.
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