| Company: | Kinder Morgan, Inc. |
| Ticker Symbol: | NYSE: KMI |
| Date Filed: | Jun-02-06 |
| Lead Plaintiff Deadline: | Jul-31-06 |
| Court: | Circuit Court of Harris County, TX |
| Allegations: |
A securities class action has been filed in the Circuit Court of Harris County, Texas, on behalf of owners of the common stock of Kinder Morgan, Inc. ("KMI" or the "Company") (NYSE:KMI).
The Complaint alleges Richard D. Kinder, the Chairman and CEO of KMI, together with other members of management, and investment partners Goldman Sachs Capital Partners, American International Group, Inc., The Carlyle Group and Riverstone Holdings LLC, has submitted a proposal to acquire all of the outstanding common stock of KMI at a price of $100 per share in cash.
The Complaint alleges that the price of $100.00 per share offered to the class members is unconscionable, unfair and grossly inadequate consideration and has been the object of manipulation because, among other things: (a) the intrinsic value of the stock of KMI is materially in excess of $100.00 per share, giving due consideration to the possibilities of growth and profitability of KMI in light of its business, earnings and earnings power, present and future; (b) the $100.00 per share price is inadequate and offers an inadequate premium to the public stockholders of KMI; and (c) the $100.00 per share price is not the result of arm's length negotiations but was fixed arbitrarily by KMI to "cap" the market price of KMI stock, as part of a plan for defendants to obtain complete ownership of KMI assets and business at the lowest possible price.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
The Complaint alleges Richard D. Kinder, the Chairman and CEO of KMI, together with other members of management, and investment partners Goldman Sachs Capital Partners, American International Group, Inc., The Carlyle Group and Riverstone Holdings LLC, has submitted a proposal to acquire all of the outstanding common stock of KMI at a price of $100 per share in cash.
The Complaint alleges that the price of $100.00 per share offered to the class members is unconscionable, unfair and grossly inadequate consideration and has been the object of manipulation because, among other things: (a) the intrinsic value of the stock of KMI is materially in excess of $100.00 per share, giving due consideration to the possibilities of growth and profitability of KMI in light of its business, earnings and earnings power, present and future; (b) the $100.00 per share price is inadequate and offers an inadequate premium to the public stockholders of KMI; and (c) the $100.00 per share price is not the result of arm's length negotiations but was fixed arbitrarily by KMI to "cap" the market price of KMI stock, as part of a plan for defendants to obtain complete ownership of KMI assets and business at the lowest possible price.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
