|[August 11, 2014]
Kinder Morgan Energy Partners, El Paso Pipeline Partners, and Kinder Morgan Management Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Consolidation by Kinder Morgan Inc.
DALLAS --(Business Wire)--
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor LLP are investigating potential claims against the Board of
Directors of Kinder Morgan Energy Partners LP ("Kinder Morgan Energy")
(NYSE: KMP); Kinder Morgan Management LLC ("Kinder Morgan Management")
(NYSE: KMR); and El Paso Pipeline Partners LP ("El Paso") (NYSE: EPB)
concerning the consolidation by Kinder Morgan Inc. ("KMI"). Under the
terms of the proposed transactions, KMP unit holders will receive 2.1931
KMI shares and $10.77 in cash for each KMP unit owned; KMR shareholders
will receive 2.4849 KMI shares for each share of KMRowned; and EPB unit
holders will receive 0.9451 KMI shares and $4.65 in cash for each EPB
The consideration for KMP is equivalent to $89.98 per unit, for KMR is
$89.75 per share, and for EPB is $38.79 per unit. These values are all
below at least one analyst's estimated value of $92 for KMP, $92 for KMR
and $40 for EPB.
If you are an affected investor, and you want to learn more about the
investigation or if you have information that you believe would be
helpful to our investigation of the fairness of the proposed
transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214)
239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com,
or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via
e-mail at firstname.lastname@example.org.
There is no cost or fee to you.
The investigation centers on whether KMP, KMR and EPB's Board of
Directors are acting in the shareholders' best interests, whether the
boards considered alternatives to the consolidation, and whether the
boards have employed an adequate process to review and act on the
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Taylor LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
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