Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of El Paso Corporation (“El Paso” or the “Company”) (NYSE: EP) relating to the proposed acquisition by Kinder Morgan, Inc. (“Kinder”). Under the terms of the transaction El Paso shareholders would receive 0.4187 shares of Kinder common stock and $14.65 in cash for each share of El Paso stock they own. The transaction values El Paso at approximately $26.87 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of El Paso for not acting in the El Paso shareholders' best interests in connection with the sale process to Kinder. The transaction may undervalue the Company as an analyst has set a price target of $28.00 for El Paso stock. If you own shares of El Paso stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, visiting http://brodsky-smith.com/343-ep-el-paso-corporation.html, or by calling toll free 877-LEGAL-90.
El Paso Corporation (NYSE:EP) hit a new 52-week high Tuesday as it is currently trading at $30.50, above its previous 52-week high of $30.30 with 862,318 shares traded as of 9:50 a.m. ET. Average volume has been 10.6 million shares over the past 30 days.
El Paso Corporation (NYSE:EP) hit a new 52-week high Monday as it is currently trading at $29.44, above its previous 52-week high of $29.43 with 4.4 million shares traded as of 10:55 a.m. ET. Average volume has been 10.6 million shares over the past 30 days.