Mid-Life MBA: The Art of Business

Kinder Morgan Deal in the Pipeline

Posted in Analysis, Business News by Eric Back on May 30th, 2006.

Kinder R.jpg

Private investors have  bid to take oil pipeline company, Kinder Morgan, private.  Richard Kinder, former Enron executive, owns 20% of the shares and has rallied support of other company executives as well as a cadre of private equity firms including Goldman Sachs, American International Group and Carlyle and Riverstone.

Shares notched up almost 20% today to 100.90 following Kinder’s current bid which represented $100.00 per share. The current bid at $13.4 billion (over $20 billion including debt) is anticipated to move yet hire. Some analysts speculate that interests such as TransCanada and Enbridge may offer competing bids.

This entry was posted on Tuesday, May 30th, 2006 at 9:47 pm and is tagged with private equity firms, goldman sachs, american international group, pipeline company, richard kinder, oil pipeline, kinder morgan, private investors, enbridge, riverstone, transcanada, company executives, carlyle, former enron. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback.

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