El Pasos Sale to Kinder Morgan Harvard Case Solution & Analysis

October 16, 2011, El Paso agreed to sell itself Kinder Morgan just over $ 21 billion. Shareholders have filed a lawsuit, claiming that the process was tainted by conflict and that a higher price can be obtained. Delaware Chancellor Leo Strine agreed with the plaintiffs in the conflict, and, in his opinion expressed serious concern about how El Paso adviser to Goldman Sachs and El Paso General Manager Douglas Foshee behaved in this process. The case examines the conflicts, view Strine of their impact on the result, and so he was not able to meet the request of the plaintiff, instead of allowing the merger vote to continue. The fact is, the companion case of "Barclays Capital and selling Del Monte Foods," HBS No. 313-036.
A conflict of interest between financial advisers and management in 2011, sales of El Paso to Kinder Morgan. "Hide
by John Coates, Clayton Rose, David Lane Source: Harvard Business School 5 pages. Publication Date: July 25, 2012. Prod. #: 313021-PDF-ENG

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