Law360, Wilmington (February 09, 2012, 9:32 PM ET) -- A Delaware judge expressed deep concern Thursday that Kinder Morgan Inc.’s $21.1 billion buyout of El Paso Corp. was soiled by conflicts of interest on the part of El Paso’s CEO and its financial adviser Goldman Sachs & Co.
At a hearing in Delaware Chancery Court, El Paso shareholders fought to secure a preliminary injunction against the deal to allow the company to entertain other options and found a receptive ear in Chancellor Leo Strine Jr. when it came to the conflict allegations.
But the judge...
Judge Riled By Conflicts In $21B El Paso-Kinder Morgan Deal
To view the full article, take a free trial now.
