El Paso Corp. (EP) to Pursue Separation Into Two Publicly-Traded Companies by Year End
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El Paso Corp. (NYSE: EP) to pursue separation into two publicly-traded companies by year-end of 2011.
Following the completion, El Paso Corp. would be comprised of El Paso's Pipeline Group, its Midstream Group, and its general and limited partner interests in El Paso Pipeline Partners, LP (NYSE: EPB).
El Paso plans to complete the separation by year-end with a tax-free spinoff of its E&P company.
Following the completion, El Paso Corp. would be comprised of El Paso's Pipeline Group, its Midstream Group, and its general and limited partner interests in El Paso Pipeline Partners, LP (NYSE: EPB).
El Paso plans to complete the separation by year-end with a tax-free spinoff of its E&P company.
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