Kinder Morgan Plans $2B Asset Sale To Quell Antitrust Worries

Law360, New York (August 20, 2012, 3:28 PM EDT) -- Texas oil and gas company Kinder Morgan Energy Partners LP said Monday that it will sell its Western U.S. assets to private equity-backed Tallgrass Energy Partners LP for $1.8 billion, satisfying antitrust conditions for its $21 billion acquisition of El Paso Corp.

The deal was required by the U.S. Federal Trade Commission as a condition of approving Kinder Morgan's $21.1 billion acquisition of El Paso. To mitigate antitrust concerns over the blockbuster El Paso acquisition, the FTC announced in March that the Houston-based energy firm would...
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