Energy magnate Richard Kinder helped pioneer the master limited partnership, so when he reversed course last August, saying he would merge two of his MLPs and a limited liability corporation into a conventional C-corporation, it was news—and a big challenge for two of his regular outside counsel, Weil, Gotshal & Manges’ Michael Aiello and Bracewell & Giuliani’s Gregory Bopp.
The deal called for the C-corporation, Kinder Morgan Inc., to buy all the outstanding stock of the MLPs, Kinder Morgan Energy Partners LP and El Paso Pipeline Partners LP, and the LLC, Kinder Morgan Management, for $44 billion and assumption of $27 billion in debt. The companies store and transport oil and gas.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]