Summary
Kinder Morgan, Inc. (KMI) filed an 8-K on November 14, 2014, primarily to announce important deadlines and expected closing dates related to its pending mergers with Kinder Morgan Energy Partners, L.P. (KMP), Kinder Morgan Management, LLC (KMR), and El Paso Pipeline Partners, L.P. (EPB). The filing informs investors that the deadline for KMP and EPB unitholders to make their consideration elections for the mergers is 5:00 pm Eastern time on November 24, 2014. The anticipated closing date for all three mergers is November 26, 2014, which is also expected to be the last day KMP and EPB units, as well as KMR shares, will trade. This report serves as a critical update for shareholders and unitholders, signaling the nearing completion of KMI's plan to simplify its corporate structure by acquiring its publicly traded partnerships. Investors should note these dates carefully as they impact the form of consideration received and the trading status of their current holdings in KMP, KMR, and EPB.
Key Highlights
- 1Merger Deadline: Unitholders of KMP and EPB must elect their consideration preference by 5:00 pm ET on November 24, 2014.
- 2Expected Merger Closing: All three mergers (KMI with KMP, KMR, and EPB) are expected to close on November 26, 2014.
- 3Last Trading Day: November 26, 2014, is anticipated to be the final trading day for KMP units, EPB units, and KMR shares.
- 4Corporate Simplification: The filing is part of KMI's ongoing effort to consolidate its operations and simplify its corporate structure.
- 5SEC Filings Referenced: The report highlights the availability of detailed information in the Form S-4 registration statement and associated proxy materials for investors.
- 6Solicitation Materials: This filing is also considered solicitation material in respect of the proposed acquisitions.