HOUSTON, Oct. 18, 2011 /PRNewswire/ -- Bracewell & Giuliani LLP is representing Kinder Morgan, Inc. (NYSE: KMI) in its agreement to acquire all of the outstanding shares of El Paso Corporation (NYSE: EP) for approximately $38 billion, including the assumption of debt outstanding at El Paso Corporation and including the debt outstanding at El Paso Pipeline Partners, L.P. (NYSE: EPB). The transaction will create the largest midstream and the fourth largest energy company in North America with an enterprise value of approximately $94 billion and 80,000 miles of pipelines. (Logo: http://photos.prnewswire.com/prnh/20101220/MM20525LOGO) The combined enterprise, including the associated master limited partnerships, Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and El Paso Pipeline Partners, L.P., will represent the largest natural gas pipeline network in the United States, the largest independent transporter of petroleum products in the United States, the largest transporter of CO2 in the United States and the largest independent terminal owner/operator in the United States. The transaction is expected to close in the second quarter of 2012 and is subject to customary regulatory approvals. Bracewell attorneys involved in the transaction include: Partners: Gregory M. Bopp, Lance W. Behnke, J.J. McAnelly, Gary W. Orloff, Troy L. Harder and Sandra E. Rizzo Associates: Scott B. Grossman, Emily E. Leitch, David H. Sweeney, Keith L. Cooper and Melissa K. BuceAbout Bracewell & Giuliani LLPBracewell & Giuliani LLP ( www.bgllp.com) is an international law firm with more than 470 lawyers in Texas, New York, Washington, D.C., Connecticut, Seattle, Dubai and London. We serve Fortune 500 companies, major financial institutions, leading private investment funds, governmental entities and individuals concentrated in the energy, technology and financial services sectors worldwide. SOURCE Bracewell & Giuliani LLP
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.