MICHAEL J. DE LA MERCED
Rick Rainey/Kinder Morgan
Kinder Morgan agreed on Sunday to buy the El Paso Corporation, a natural gas exploration and pipeline company, for about $20.7 billion in cash and stock, in one of the biggest energy deals in recent years.
Including the assumption of debt owed by El Paso and an affiliated business, El Paso Pipeline Partners, the takeover is valued at about $38 billion.