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 KMR owned; and EPB unit holders will receive 0.9451 KMI shares and $4.65 in cash for each EPB unit owned.
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 shareholder@powerstaylor.com. 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 proposed transaction.
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.
Powers 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.
