Shareholders Foundation, Inc.

El Paso Pipeline Partners, L.P.(NYSE:EPB) Investor Alert: Investigation of Takeover by Kinder Morgan

An investigation on behalf of investors of El Paso Pipeline Partners, L.P.(NYSE:EPB) in connection with the proposed takeover was announced and NYSE:EPB stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 08/19/2014 -- An investigation on behalf of investors, who currently hold shares of El Paso Pipeline Partners, L.P.(NYSE:EPB), was announced concerning whether the takeover of El Paso Pipeline Partners, L.P. by Kinder Morgan, Inc for a value of $38.79 per unit is unfair to NYSE:EPB stockholders.

Investors who purchased shares of El Paso Pipeline Partners, L.P.(NYSE:EPB) and currently hold any of those NYSE:EPB 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 El Paso Pipeline Partners, L.P. breached their fiduciary duties owed NYSE:EPB 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 El Paso Pipeline Partners, L.P. (NYSE: EPB) unitholders will receive .9451 Kinder Morgan, Inc. (NYSE: KMI) shares and $4.65 in cash for each El Paso Pipeline Partners, L.P. (NYSE: EPB) unit or a price of $38.79 per unit.

However, given that following the takeover news NYSE:EPB shares jumped in the open market to as high as $42.50 per share on August 11, 2014, and that at least one analyst has set the high target price for NYSE:EPB shares at $40.00 per share, the investigation concerns whether the offer is unfair to NYSE:EPB stockholders. More specifically, the investigation concerns whether the El Paso Pipeline 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.

El Paso Pipeline Partners, L.P. reported that its annual Total Revenue rose from over $1.45 billion in 2010 to over $1.5 billion in 2013 and that its respective Net Income increased from $418 million to $610 million. Shares of El Paso Pipeline Partners, L.P.(NYSE:EPB) grew from $23.90 per share in February 2010 to as high as $44.25 per share in July 2013.

On August 15, 2014, NYSE:EPB shares closed at $42.92 per share.

Those who are current investors in El Paso Pipeline Partners, L.P.(NYSE:EPB) 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