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.