El Paso Pipeline Partners, L.P.(NYSE:EPB) Investor Investigation Concerning Potential Wrongdoing In Acquisition

If you purchased shares of El Paso Pipeline Partners, L.P.(NYSE:EPB) and currently hold any of those NYSE:EPB shares, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
El Paso Pipeline Partners
Affected Securities: 
NYSE: EPB

August 18, 2014 (Shareholders Foundation) - 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.

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.