I posted this story, "Be Ready For Some Major Announcements Regarding Mergers," about ten days ago, October 7, 2011, to be exact.
Today, it is announced that Kinder Morgan will buy El Paso Corp in a cash and stock deal worth $20 billion (numbers rounded). I love blogging. A huge thank you to Don for alerting me to the story.
This will create the largest independent transporter of petroleum products and largest natural gas pipeline network in the country. Kinder Morgan has always been one of my favorites, though I don't own any shares.
Hmmm, hmmm, hmmm.
A lot of Bakken companies are currently way undervalued. Just saying.
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