Kinder Morgan Inc (KMI) Soars on Consolidation Announcement

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Kinder Morgan Inc (NYSE:KMI), Bitauto Hldg Ltd (NYSE:BITA) and Senomyx Inc. Inc. (NASDAQ:SNMX) are today’s top market gainers midday. The losers are Gogo Inc. (NASDAQ:GOGO), Dean Foods Co (NYSE:DF) and iPath S&P 500 VIX Short Term Futures TM ETN (NYSEARCA:VXX).

Kinder Morgan Surges

Kinder Morgan Inc (NYSE:KMI) hit midday up +11.05% today after announcing plans to consolidate its pipeline empire, acquiring all of Kinder Morgan Energy Partners LP (NYSE:KMP), Kinder Morgan Management, LLC (NYSE:KMR) and El Paso Pipeline Partners, L.P. (NYSE:EPB). The transactions are valued at an estimated $44 billion. Billionaire investor Leon Cooperman, who initiated a position in the pipeline and energy company in Q1 2012, stands to benefit from this one.

Chinese auto information provider Bitauto Hldg Ltd (ADR) (NYSE:BITA) jumped +8.86% early in the day following the announcement of a +96% increase in earnings to 45 cents per share. George Soros initiated a position in the company during the fourth quarter of 2013 and scaled back his allocation in Q1. BITA is up +112.08% year-to-date.

Senomyx Inc. (NASDAQ:SNMX) climbed +8.35% midday, bringing its YTD gain to +49.21%. The flavor developer was a new first quarter acquisition for Soros.

Q2 Losses Spell Trouble for Dean Foods, Gogo Inc. Midday

Gogo Inc (NASDAQ:GOGO) was down -7.33% midday today after reporting a second-quarter loss due to its international expansion efforts. Gogo is a provider of in-flight connectivity systems and services and is a new Q1 buy for billionaire George Soros. Its price has declined -39.78% in 2014.

The share price of Dean Foods Co (NYSE:DF) fell -6.7%. The company reported a $6 million second quarter loss and a 16% year-over-year profit loss. The food company is down -29.11% over the past year, though its price has climbed a slight +0.95% in the last three months. Farallon Capital has had a position in Dean Foods since the second quarter of 2013.

Taking the last spot on today’s list of midday losers is iPath S&P 500 VIX Short Term Futures TM ETN (NYSEARCA:VXX), down -5.42%. A new Q1 Soros buy, VXX is down -26.67% year-to-date.

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