The management-led buyout of Kinder Morgan Inc. (KMI) sparked a rally in the company’s shares (see NGI, June 5). Last week it launched a fusillade of class-action lawsuits that claim shareholders would be stiffed by the $100/share offer, “a grossly inadequate and unfair price.”
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Lawyers Join Kinder Morgan Buyout Frenzy
The management-led buyout of Kinder Morgan Inc. (KMI) sparked a rally in the company’s shares last week (see Daily GPI, May 31). This week it has launched a fusillade of class-action lawsuits that claim shareholders would be stiffed by the $100/share offer, “a grossly inadequate and unfair price.”
June 8, 2006
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