Wednesday, September 2, 2009

KMP Buys Crosstex Energy, Inc.

Pipeline transportation and energy storage company Kinder Morgan is buying Crosstex Energy for approximately $266 million.

KMP, a leading North American energy storage company, has an enterprise value of approximately $25 billion and hopes to increase its company value with the purchasing of Crosstex Energy, a company involved in the gathering, transmission, treating...

Visit Clean Skies for the full story.

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