Kinder Morgan going-private transaction closes

By Lisa Kerner

Charlotte, N.C., May 30 - The acquisition of Kinder Morgan, Inc. by investors, including chairman and chief executive officer Richard D. Kinder, has closed.

The investment group includes the co-founder of the Houston-based energy infrastructure provider, Bill Morgan; board members Fayez Sarofim and Mike Morgan; and affiliates of Goldman Sachs Capital Partners, American International Group, Inc., the Carlyle Group and Riverstone Holdings LLC.

Under the merger agreement, stockholders will receive $107.50 in cash, without interest, for each share of Kinder Morgan common stock held. The per-share price is a 27% premium over $84.41, the closing price of the stock on May 26.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.