The company has completed its previously announced acquisition of a 50% interest in a joint venture that owns the Altamont gathering, processing and treating assets in the Uinta Basin in Utah and the Camino Real gathering system in the Eagle Ford Shale in Texas from Kohlberg Kravis Roberts & Co. L.P. for $300M in KMP units.• Kinder Morgan now owns 100% of the joint venture, 50% at KMP and 50% at Kinder Morgan, Inc. (KMI).• The transaction is expected to be immediately accretive to KMP’s distributable cash flow.• StreetAccount notes that the transaction was originally announced on 25-Apr
I did not see the news but see it down big. That is usually the cause of those after hours declines in MLP's. These new offerings are worse then fire ant bites of late. They just keep coming one after teh other.