El Paso Postpones Vote On $21B Kinder Morgan Deal

Law360, New York (March 5, 2012, 2:33 PM EST) -- El Paso Corp. is pushing back a meeting for shareholders to vote on its $21.1 billion sale to Kinder Morgan Inc. to give them more time to consider a recent court decision that criticized conflicts of interest surrounding the deal, El Paso said Monday.

El Paso will adjourn the special meeting of stockholders previously scheduled for Tuesday in Houston without conducting any business and reconvene the session Friday morning, according to a statement from the pipeline company.

The company specifically said it wanted to give its...
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