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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.