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Stock Market & Financial Investment News

News Breaks
December 11, 2012
06:11 EDTKMPKinder Morgan Energy to sell one-third interest in Express-Platte system
Kinder Morgan Energy Partners announced that it has entered into a definitive agreement to sell its one-third interest in the Express-Platte pipeline system to Spectra Energy Corp for approximately $380M pre tax. KMP's joint venture partners in Canada are also selling their interests in the pipeline system, as Spectra Energy Corp is purchasing 100% of Express-Platte. The transaction is subject to customary consents and regulatory approvals and is expected to close in the Q2 of FY13. Express-Platte is a 1,700-mile oil pipeline system connecting Canadian and U.S. producers to refineries in the Rocky Mountain and Midwest regions of the United States.
News For KMP From The Last 14 Days
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November 20, 2014
13:04 EDTKMPKinder Morgan announces shareholder approval of merger transactions
Kinder Morgan (KMI) announced that at special meetings held by each of KMI, Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB), unitholders and shareholders approved all proposals related to the merger transactions previously announced on Aug. 10. More than 95% of the votes cast at the special meeting of each company were voted in favor of the proposals related to the merger transactions. The deadline for KMP and EPB unitholders to elect the form of consideration they wish to receive in each of KMP’s and EPB’s pending mergers with KMI is 5:00 p.m. ET on Nov. 24, 2014. The election deadline may be extended, in which case KMI will issue a press release announcing the new election deadline. The closing of each merger is expected to occur on Nov. 26, 2014. Accordingly, it is expected that Nov. 26 will be the last trading day for KMP and EPB units as well as KMR shares.
09:43 EDTKMPKinder Morgan to host special shareholder meeting
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November 17, 2014
07:33 EDTKMPMatrix Service awarded EPC contract by Kinder Morgan Energy
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November 14, 2014
07:05 EDTKMPKinder Morgan says expected closing date of merger Nov. 24
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November 10, 2014
09:05 EDTKMPKinder Morgan says ISS, Egan-Jones recommend approval of merger transactions
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