Buyout Of Kinder Morgan Energy Partners, El Paso Pipeline Partners, And Kinder Morgan Management - National Securities Law Firm Seeks Higher Price For Shareholders

NEW YORK, Aug. 11, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisitions of Kinder Morgan Energy Partners LP (NYSE: KMP) ("KMP"), El Paso Pipeline Partners LP (NYSE: EPB) ("EPB") and Kinder Morgan Management LLC (NYSE: KMR) ("KMR") (collectively the "Companies") concerning the proposed acquisition of the Companies by Kinder Morgan Inc. ("KMI") (NYSE: KMI).

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 seeks to determine whether the senior management and boards of directors of KMI, KMP, KMR and EPB breached their fiduciary duties to shareholders of the Companies by not engaging in a full and fair auction and process to allow shareholders to maximize the value of their shares, and whether the prices being offered are unfairly low.  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.

If you are a shareholder of KMP, KMR, or EPB and would like additional information as to how these acquisitions may affect your rights as a shareholder, please call us at no cost at:

Tripp Levy PLLC

New York, New York

Toll free: 800-511-7037
International: 602-241-2841
Email: [email protected]
www.tripplevy.com

Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. Attorney advertising.  Prior results do not indicate a similar outcome.

SOURCE Tripp Levy PLLC

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