Merger Arbitrage Mondays – August 18, 2014
Merger Activity increased last week with four new mergers announced and three deals closing. Three of the four new deals are related to combining the various Kinder Morgan entities into a single publicly traded company and effectively getting rid of the MLP structure it had pioneered.
You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours.
Deal Statistics:
New Deals:
- The acquisition of Kinder Morgan Management (KMR) by Kinder Morgan, Inc. (KMI) in an all stock deal. Under the terms of the agrement, shareholders of Kinder Morgan Management will receive 2.4849 KMI shares for each share of KMR.
- The acquisition of Kinder Morgan Energy Partners (KMP) by Kinder Morgan, Inc. (KMI) in a cash plus stock deal. Under the terms of the agreement, shareholders of Kinder Morgan Energy Partners will receive 2.1931 KMI shares and $10.77 in cash for each KMP unit.
- The acquisition of El Paso Pipeline Partners (EPB) by Kinder Morgan, Inc. (KMI) in a cash plus stock deal. Under the terms of the agreement, shareholders of El Paso Pipieline Partners will receive 0.9451 KMI shares and $4.65 in cash for each EPB unit.
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