Shareholders Approve Kinder Morgan Plan to Merge 4 into 1

We’re not quite sure what all of the hullabaloo is about, but last Thursday the various boards and shareholders in four different Kinder Morgan companies voted to merge the four into one. That is, Kinder Morgan’s subsidiaries will, on paper, go from four entities to one entity. Kinder Morgan is buying out itself, in essence. Kinder Morgan is the country’s largest midstream/pipeline company and it was certainly news a few months ago when Kinder CEO Richard Kinder–the man who pioneered the use of the master limited partnership (MLP)–announced he was shedding the MLP and would merge his empire into one entity. He now has the blessing of the shareholders to do just that–and when done, the $44 billion deal will apparently be the biggest thing since sliced bread…

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