Reginal Thomas
0
All posts from Reginal Thomas
Reginal Thomas in reginal thomas,

Kinder Morgan Inc.


Kinder Morgan Inc., the top U.S. pipeline company, announced it is going to bring all of its publically traded units under one umbrella in a $70 billion deal. This is mostly in response to investors worried about its prospects for growth and complex financial structure. The company said it would get rid of the tax advantaged legal structure, Master Limited Partnership and fold one of its businesses into one company with a market cap of $92 billion as a C-corporation. Kinder Morgan Energy Partners LP, Kinder Morgan Management, and El Paso Pipeline Partners are the units being affected by the deal. The deal is made of $40 billion in Kinder Morgan Inc. equity, $4 billion in cash and $27 billion in debt.