November 21, 2014

Update: Shareholders easily approve Kinder Morgan consolidation megadeal

In an article released yesterday by the Houston Business Journal, the recent shareholder vote taken on Nov. 20 for the combining of four Kinder Morgan companies received more than 95 percent approval.

If you haven’t had an opportunity to take a look at the merger, Kinder Morgan prepared information summaries including the KMI Acquisition of KMP, KMR and EPB Transaction Information, Kinder Morgan Investor Presentation and the KMP/EPB Summary Tax Information Package. We’d be happy to walk you through the information and answer any questions you may have about the merger and how it will affect you. For those holding KMP, EPB units and KMR shares, remember there will be tax consequences regardless of whether the units and/or shares are sold.

Energy reporter Jordan Blum points out that this internal move is valued more than the recent $34.6 billion Halliburton and Baker Hughes deal. It is also considered the largest energy-sector decision since Exxon took over Mobile Oil in 1999.

Check out the rest of the story here.


Maddox, Thomson & Associates

Maddox, Thomson & Associates

MTA is a full service, privately held CPA firm established in 1985 in Houston, Texas. Built on a reputation for client service, the firm delivers tax-compliant solutions through its financial planning, tax preparation and consulting services.

With more than 30 years of experience, our team of seasoned professionals will help you define personal and professional financial goals and establish strategies to maximize achievement.