Kinder Morgan Buys El Paso for $38 Billion in Blockbuster Deal

摘要

In a deal that will form the largest natural gas pipeline network and largest midstream energy enterprise in North America, Kinder Morgan Inc. has purchased El Paso Corp. for approximately $38 billion. The agreement creates the fourth largest energy company in North America, with an enterprise value of approximately $94 billion and 80,000 miles of pipelines.