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Law Firm Brower Piven Announces Investigation of El Paso Pipeline Partners, L.P. Proposed Buyout


The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of El Paso Pipeline Partners, L.P. (“EPB” or the “Company”) (NYSE:EPB) and other violations of state law by the board of directors of EPB relating to the proposed buyout of the Company by Kinder Morgan, Inc. (“KMI”). The firm’s investigation seeks to determine, among other things, whether the board of directors of EPB breached their fiduciary duties by failing to maximize shareholder value.

According to the press release announcing the proposed buyout, for each share that they own, EPB shareholders will receive, at the election of the holder, (i) $4.65 in cash and 0.9451 of a share of KMI common stock; (ii) $39.53 in cash without interest; or (iii) 1.0711 shares of validly issued, fully paid and non-assessable shares of KMI common stock. Based on KMI’s closing price on August 13, 2014, as reported by Yahoo! Finance, the proposed consideration has an implied value of between $39.53 and $41.53 per EPB share. According to Yahoo! Finance, at least one analyst following EPB has set a target price of $42.00 per share.

If you currently own common stock of EPB and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at [email protected], by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.

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