Baker Botts represents Kinder Morgan's US$ 70 billion purchase

Earlier this week, Kinder Morgan, Inc. (KMI) announced its intention to acquire by merger of all of the outstanding equity securities of Kinder Morgan Energy Partners, L.P. (KMP), Kinder Morgan Management, LLC (KMR) and El Paso Pipeline Partners, L.P. (EPB), all of which are controlled by KMI.

The proposed mergers, the consideration of which is valued at approximately US$ 70 billion in the aggregate, collectively represent the largest energy M&A transaction since the merger of Exxon and Mobil. The combined entity will be the largest energy infrastructure company in North America and the third largest energy company overall with an estimated enterprise value of approximately US$ 140 billion.

Baker Botts represented the Audit and Conflicts Committee of Kinder Morgan Energy Partners and the Special Committee of Kinder Morgan Management.

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/12082014/baker-botts-represents-kinder-morgans-us-70-billion-purchase/