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Stock Market & Financial Investment News

News Breaks
March 28, 2014
05:56 EDTEPBEl Paso Pipeline upgraded to Buy from Neutral at Citigroup
Citigroup upgraded El Paso Pipeline to Buy citing the company's high yield versus peers and what it sees as a free option on LNG exports. Citi keeps a $36 price target for shares.
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August 25, 2014
12:41 EDTEPBKinder Morgan receives Hart-Scott-Rodino clearance
Kinder Morgan (KMI) announced the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for its proposed acquisition of Kinder Morgan Energy Partners (KMP). The proposed acquisition was announced on Aug. 10, along with the proposed acquisitions of Kinder Morgan Management (KMR) and El Paso Pipeline (EPB), for which no HSR filings were required. The approximately $70B transaction is expected to close by the end of 2014 following unitholder and shareholder votes, and standard regulatory notifications and approvals.

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