Summary
Kinder Morgan, Inc. (KMI) announced on April 16, 2012, a key deadline related to its pending merger with El Paso Corporation. Holders of El Paso common stock and equity awards must submit their election forms to choose the form of merger consideration they wish to receive by 5:00 p.m. New York City time on May 23, 2012. This deadline is crucial for El Paso shareholders to finalize their participation in the transaction and potentially impacts the cash and stock mix they will receive upon completion of the merger. Investors should note that this deadline may be extended, with KMI committed to issuing a press release to communicate any changes.
Key Highlights
- 1KMI and El Paso announced a definitive deadline for El Paso shareholders to make their merger consideration elections.
- 2The election deadline for El Paso common stock and equity award holders is set for May 23, 2012, at 5:00 p.m. NYC time.
- 3El Paso shareholders must submit election forms to specify their preferred merger consideration (cash or stock).
- 4The election deadline is subject to extension, and KMI will issue a press release if a new deadline is set.
- 5This filing is primarily an update on the merger process, specifically concerning shareholder elections.
- 6The attached exhibit is a joint press release detailing this election deadline.