Kinder Morgan To Ditch Assets For FTC Nod On $21B Deal

Law360, New York (March 15, 2012, 2:13 PM EDT) -- Kinder Morgan Inc. on Thursday agreed to ease the Federal Trade Commission’s antitrust concerns over its planned $21 billion acquisition of El Paso Corp. by shedding several natural gas pipeline systems and other assets in the Western U.S.

Under the terms of a verbal agreement with the FTC, Kinder Morgan said in a statement Thursday that it will sell off its subsidiaries Kinder Morgan Interstate Gas Transmission LLC and Trailblazer Pipeline Co. LLC.

The deal also called for Kinder Morgan to divest natural gas processing and...
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