Shareholders Foundation, Inc.

Kinder Morgan Energy Partners LP (NYSE:KMP) Investor Alert: Investigation of Takeover by Kinder Morgan

An investigation on behalf of investors of Kinder Morgan Energy Partners LP (NYSE:KMP) in connection with the proposed takeover was announced and NYSE:KMP stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 08/20/2014 -- An investigation on behalf of investors, who currently hold shares of Kinder Morgan Energy Partners LP (NYSE:KMP), was announced concerning whether the takeover of Kinder Morgan Energy Partners LP by Kinder Morgan, Inc. for a value of $89.98 per KMP unit is unfair to NYSE:KMP stockholders.

Investors who purchased shares of Kinder Morgan Energy Partners LP (NYSE:KMP) and currently hold any of those NYSE:KMP shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Kinder Morgan Energy Partners LP breached their fiduciary duties owed to NYSE:KMP investors in connection with the proposed acquisition.

On August 10, 2014, Kinder Morgan, Inc. (NYSE: KMI), Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE: EPB) announced that Kinder Morgan, Inc will acquire all of the outstanding equity securities of Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE: EPB). Under the terms of the agreement Kinder Morgan Energy Partners, L.P. (NYSE: KMP) unitholders will receive 2.1931 Kinder Morgan, Inc. (NYSE: KMI) shares and $10.77 in cash for each Kinder Morgan Energy Partners, L.P. (NYSE: KMP) unit or a value of $89.98 per unit.

However, given that NYSE:KMP shares reached in the open market on August 11, 2014, as high as $98.67 per share and that at least one analyst has set the high target price for NYSE: KMP shares at $92.00 per share, , the investigation concerns whether the offer is unfair to NYSE:KMP stockholders. More specifically, the investigation concerns whether the Kinder Morgan Energy Partners Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Kinder Morgan Energy Partners LP reported that its annual Total Revenue rose from over $7.88 billion in 2011 to over $12.53 billion in 2013 and that its respective Net Income increased from over $12.5 billion to over $3.28 billion. Shares of Kinder Morgan Energy Partners LP (NYSE:KMP) grew from $72.22 per share in March 2014 to as high as $84.50 per share in July 2014.

On August 18, 2014, NYSE:KMP shares closed at $98.07 per share.

Those who are current investors in Kinder Morgan Energy Partners LP (NYSE:KMP) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com