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Investing

El Paso Shareholders Approve Kinder Morgan Merger (EP, KMI)

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By Paul Ausick Published
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Shareholders of El Paso Corp. (NYSE: EP) have overwhelmingly approved the company’s $24 billion merger with Kinder Morgan Inc. (NYSE: KMI). El Paso reported this morning that 79% of shareholders voted on the deal and 95% supported the merger.

The vote was delayed by three days in order to give shareholders time to evaluate a statement by a Delaware judge in a suit filed opposing the merger that there were certain improprieties in the negotiations leading to the agreement.

The agreement is still be reviewed by the Federal Trade Commission, and Kinder Morgan has said that it expects the deal to be approved in the second quarter.

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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