The total consideration is split between $40 billion in Kinder Morgan shares, $4 billion cash and $27 billion in assumed debt.

Under the terms of the deal, Kinder Morgan Incorporated will swallow Kinder Morgan Energy Partners, Kinder Morgan Management and El Paso Pipeline Partners and all the companies will now operate as Kinder Morgan.

After the merger, Kinder Morgan will have interests in 80,000 miles (128,000 kilometres) of pipelines and 180 terminals moving oil, natural gas and products as well as other commodities such as coal and steel.

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