interesting I wonder if Alinta had their eye on this one as well...Kinder management probably saw them coming !
$22 billion buyout offer made for Kinder Morgan
Courier-Journal wire services
The chairman and CEO of pipeline operator Kinder Morgan has teamed up with senior managers and outside investors to purchase the company for about $13.4 billion and take it private, officials announced.
Richard D. Kinder sent a letter to the Houston company's board of directors on Sunday offering to pay $100 a share, an 18.5 percent premium above Friday's $84.41 closing price. The deal, announced late Monday, also includes the assumption of more than $8 billion in debt, bringing its value to almost $22 billion.
Kinder Morgan owns an interest in or operates about 43,000 miles of pipelines that transport primarily natural gas, crude oil and petroleum products. It also has more than 150 terminals that store, transfer and handle products like gasoline and coal. Among its operations is Kinder Morgan Materials Services, on Grade Lane in Louisville.
ALN
alinta limited
no consistency, page-2
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