|By PR Newswire||
|August 11, 2014 02:44 PM EDT||
NEW YORK, Aug. 11, 2014 /PRNewswire/ -- The Law Office of James C. Kelly is investigating claims on behalf of investors in Kinder Morgan Energy Partners LP (NYSE: KMP); El Paso Pipeline Partners LP (NYSE: EPB); and Kinder Morgan Management LLC (NYSE: KMR) (collectively the "Companies"), concerning the proposed consolidation transactions of the Companies by Kinder Morgan Inc. (NYSE: KMI). Under the terms of the proposed consolidated transactions, investors of the Companies will receive a mix of cash and shares of KMI, and representing premiums to investors ranging from only 12 to 16.5%. The new combined entity's enterprise value is estimated to be approximately $140 billion. Investors of the Companies seeking more information about these acquisitions are advised to contact James C. Kelly at 888.643.7517 or [email protected].
Under the terms of the proposed transactions, KMP unitholders will receive 2.1931 KMI shares and $10.77 in cash for each KMP unit. This results in a price of $89.98 per unit. KMR shareholders will receive 2.4849 KMI shares for each share of KMR. This results in a price of $89.75 per share. EPB unitholders will receive 0.9451 KMI shares and $4.65 in cash for each EPB unit. This results in a price of $38.79 per unit.
The investigation concerns whether the Companies' directors are breaching their fiduciary duties by failing to adequately maximize shareholder value. Indeed, analysts have projected that the true inherent going forward values of the Companies are at least $92 per share for KMP, $92 per share for KMR, and $40 per share for EPB. The investigation also seeks to determine whether there were any conflicts of interest on the part of KMI and the Companies such that the Boards of Directors of the Companies did not act in shareholders best interests.
The Law Office of James C. Kelly has extensive experience representing shareholders in mergers and acquisition actions. Visit our website for additional information at http://www.jckellylaw.com
Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.
The Law Office of James C. Kelly
244 5th Avenue, Suite K-278
New York, New York 10001
Toll Free Tel: 888-643-7517
Toll Free Fax: 888-224-2078
Email: [email protected]
SOURCE The Law Office of James C. Kelly
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