Kinder Morgan to buy El Paso

Kinder Morgan to buy El Paso

The cash and stock deal announced values El Paso at a 37 per cent premium to its Friday market value.

The combined El Paso and Kinder Morgan would own about 80,000 miles of pipe stretching from coast to coast, and could demand higher transport fees from oil and gas producers, which could then raise the prices that power companies and other end users pay for gas.

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