Kinder Morgan is bringing all of its publicly traded units under one roof in a $70 billion deal that reshapes the financial structure of the oil and gas pipeline company.The deal will create a company worth $140 billion including debt that combines Kinder Morgan Energy Partners LP, Kinder Morgan Inc with Kinder Morgan Management and El Paso Pipeline Partners.Kinder Morgan is purchasing the outstanding shares of the other three companies.Holders of KMP, KMR and EPB shares will receive shares of Kinder Morgan Inc as well as possibly cash in the deal, which will consolidate the companies under KMI.
Kinder Morgan, Inc. (KMI) owns and manages a diversified portfolio of energy transportation and storage assets. Shares of KMI traded higher by 2.12% or $0.75/share to $36.12. In the past year, the shares have traded as low as $30.81 and as high as $38.30. On average, 5370730 shares of KMI exchange hands on a given day and today's volume is recorded at 3215206.
Kinder Morgan Energy Partners, L.P. (KMP) is a pipeline transportation and energy storage company in North America. Shares of KMP traded higher by 0.45% or $0.36/share to $80.34. In the past year, the shares have traded as low as $71.32 and as high as $84.98. On average, 1078830 shares of KMP exchange hands on a given day and today's volume is recorded at 701408.
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