Kinder Morgan Agrees to Sell U.S. Portion of Cochin Pipeline and Its 70 Percent Interest in KML to Pembina Pipeline Corporation
Kinder Morgan, Inc. (KMI)
Last kinder morgan, inc. earnings: 4/22 04:05 pm
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US:NYSE Investor Relations:
ir.kindermorgan.com
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Source: Business Wire
KMI to receive US$1.546 billion and approximately 25 million shares in Pembina for a combined value of approximately US$2.5 billion HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced that it has agreed to sell the U.S. portion of the Cochin Pipeline to Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) (Pembina) for $1.546 billion, approximately 13 times 2019 expected EBITDA. Also, Kinder Morgan Canada Limited (TSX: KML) announced that it reached an agreement with Pembina under which Pembina has agreed to acquire all the outstanding common equity of KML (which includes KMI’s 70 percent stake), subject to the terms of the arrangement agreement between KML and Pembina. The closing of the two transactions are cross-conditioned upon each other. The parties expect to close the transactions late in the fourth quarter of 2019 or in the first quarter of 2020, subject to customary closing conditions, including KML shareholder and applicable regulatory approvals. KMI e
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KMI
Earnings
- 4/17/24 - Beat
KMI
Sec Filings
- 4/17/24 - Form 8-K
- 4/3/24 - Form DEFA14A
- 3/29/24 - Form DEF
- KMI's page on the SEC website