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El Paso Energy completes US$24 billion merger with The Coastal

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El Paso Energy

On January 29, 2001, El Paso Energy Corporation announced that it had completed its $24 billion merger with The Coastal Corporation after the Federal Trade Commission cleared the way by approving for public comment the consent agreement governing the merger. With a total enterprise value of over $50 billion, El Paso Energy is now the fourth largest U.S. energy company. Huy Do, at the time with another law firm, advised both El Paso and Coastal with respect to competition matters in this transaction.