Kinder Morgan is buying Hiland from Harold Hamm for $3 billion, reports CNBC's Courtney Reagan.» Read More
Houston- based Kinder Morgan Inc, the biggest U.S. pipeline company, said it will consolidate into a single corporation, folding together its existing organization of several master limited partnerships. The Treasury statement, sent in an email, came in answer to questions from Reuters following Kinder Morgan's news.
*Russia sending humanitarian convoy to Ukraine. NEW YORK, Aug 11- U.S. stocks ended higher on Monday, extending the rally from Friday as investors hoped that Russia's move to send humanitarian aid to Ukraine would ease tensions between the two countries.
After Kinder Morgan's large consolidation transaction on Monday, who are the next candidates? Mark Easterbrook, BP Capital Fund Advisors, provides perspective.
CNBC's Morgan Brennan breaks down the $71 billion, including debt, energy deal by Kinder Morgan.
NEW YORK, Aug 11- U.S. shares rose modestly in Monday trading, continuing a recovery from a brief correction that ended Friday as investors focused on hopes for easing tensions between Ukraine and Russia.
HOUSTON, Aug 11- The biggest U.S. pipeline company, Kinder Morgan Inc, will gain new muscle to acquire rivals after it consolidates as a single company and buys out investors in its publicly traded units for $44 billion, its CEO said on Monday. Kinder Morgan Inc said on Sunday it would put all its units under one roof.
CNBC's Jackie DeAngelis outlines the $44 billion consolidation deal by Kinder Morgan; and FMHR trader Pete Najarian calls out unusual activity in the stock from June.
NEW YORK, Aug 11- U.S. stocks rose broadly on Monday, extending Friday's sharp rally as recent uncertainty pertaining to Ukraine and the Middle East appeared to ease, while Priceline rallied on its results.
NEW YORK- Global stocks bounce after recent sell-offs and core government debt prices fall as markets see receding risks of direct conflict between Russia and Ukraine while Middle East tensions diminish.
HOUSTON, Aug 11- Kinder Morgan Inc as a combined company would be able to make sizable acquisitions in the natural gas and crude oil pipeline and processing sector, Chief Executive Officer Rich Kinder told investors on a conference call on Monday.
*MannKind signs agreement with Sanofi, shares jump. NEW YORK, Aug 11- U.S. stocks rose on Monday, extending Friday's sharp rally as concerns eased over both Federal Reserve monetary policy and the tense situation between Russia and Ukraine.
HOUSTON, Aug 11- Kinder Morgan Inc as a combined company will have the opportunity to make sizable acquisitions in the natural gas and crude oil pipeline and processing sector, the company's chief executive officer told investors on a conference call on Monday.
Kinder Morgan is consolidating its subsidiaries into one company in a $44 billion dollar cash & stock deal. Its Chairman and CEO Richard Kinder, provides insight to why the transaction is good for shareholders.
Kinder Morgan is consolidating all of its publicly traded units into one company. CNBC's David Faber and Jim Cramer break down the $44 billion cash & stock transaction.
*MannKind signs agreement with Sanofi, shares jump. NEW YORK, Aug 11- U.S. stock index futures pointed to a higher open on Monday, suggesting that Friday's sharp rally could continue as it appeared less likely that the tense situation between Russia and Ukraine would escalate.
*MannKind signs agreement with Sanofi, shares jump. NEW YORK, Aug 11- U.S. stock index futures were higher on Monday, indicating that Friday's sharp rally could continue as it appeared less likely that the tense situation between Russia and Ukraine would escalate.
Aug 10- Top U.S. pipeline company Kinder Morgan Inc said on Sunday it will put all its publicly traded units under one roof in a $70 billion deal that responds to investor concerns about its growth prospects and complicated financial structure. The affected units include Kinder Morgan Energy Partners LP, Kinder Morgan Management, and El Paso Pipeline Partners.
Aug 10- Kinder Morgan is bringing all of its publicly traded units under one roof in a $70 billion deal that reshapes the financial structure of the oil and gas pipeline company.
Kinder Morgan is bringing its units under one roof in a $70 billion deal that reshapes the oil and gas pipeline company.
The deal will create a company worth $140 billion including debt that combines Kinder Morgan Energy Partners, L.P., Kinder Morgan Inc with Kinder Morgan Management and El Paso Pipeline Partners.