KMI announces merger with KMP, KMR, EPB

Wow.

Here’s the press release:  “Kinder Morgan, Inc. to Purchase KMP, KMR and EPB; 2015 KMI Dividend to Increase to $2 per Share

Here’s my Google Drive spreadsheet that calculates the merger spreads.

I may do a follow-up post with thoughts on the merger.

*Disclosure:  Long KMI warrants and call options.

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3 thoughts on “KMI announces merger with KMP, KMR, EPB

    • I’m guessing nothing. The 40c/quarter dividend will not go high enough to trigger the dividend protection feature. The debt won’t change materially.

      It will be interesting to see what price KMI opens at tomorrow. It may open lower.

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