KN Energy cleaned house last week, starting with a corporate yard sale with tags on everything but the kitchen sink. It also continued the shake-up among top management that began with the sudden departure of former CEO Larry Hall last month when KN’s merger with Kinder Morgan was first announced (see NGI July 12).
Yard
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KN Names Assets to be Sold, Reports Loss for 2Q
KN Energy has been cleaning house and started a corporate yardsale yesterday with tags on everything but the kitchen sink.Although it wouldn’t estimate the total value of the assets beingsold, the list is long and encompasses properties and assets innearly every division of KN’s operations.
August 4, 1999
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