Deals
Kinder Morgan Agrees to Pay $110 Million to Settle El Paso Suits
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Kinder Morgan Inc. will pay $110 million to end lawsuits by investors over its purchase of gas-pipeline owner El Paso Corp. in a settlement that includes concessions by Goldman Sachs Group Inc., according to court papers.
Kinder Morgan, the biggest U.S. pipeline operator, agreed to settle claims that El Paso investors were shortchanged in the $21.1 billion buyout, which provided $25.91 a share, lawyers for El Paso shareholders said in a Delaware Chancery Court filing yesterday.