Key Developments: Kinder Morgan Management LLC (KMR)

KMR on New York Consolidated

78.38USD
30 Jul 2014
Price Change (% chg)

$-0.06 (-0.08%)
Prev Close
$78.44
Open
$78.50
Day's High
$78.76
Day's Low
$78.08
Volume
416,188
Avg. Vol
413,978
52-wk High
$80.07
52-wk Low
$66.21

Search Stocks

Latest Key Developments (Source: Significant Developments)

Kinder Morgan Management LLC Announces President Change-Form 8-K
Wednesday, 16 Jan 2013 09:32pm EST 

Kinder Morgan Management LLC reported in its Form 8-K that effective March 31, 2013, C. Park Shaper will resign from his positions as President and Director of Kinder Morgan Management, LLC (KMR). Steven J. Kean, currently Executive Vice President and Chief Operating Officer of KMR, will become President and Chief Operating Officer and a Director of KMR, effective March 31, 2013.  Full Article

Kinder Morgan Management LLC Announces Exercise of Underwriters’ Option to Purchase Additional Shares
Monday, 10 Sep 2012 04:18pm EDT 

Kinder Morgan Management LLC announced that the underwriters of its recently completed public offering of 8,800,000 shares have exercised in full their option to purchase an additional 1,320,000 shares. Barclays and BofA Merrill Lynch acted as joint book-running managers, and Credit Suisse, Deutsche Bank Securities, J.P. Morgan, RBC Capital Markets and UBS Investment Bank acted as co-managers for the offering. The exercise price for the additional shares is $71.85 per share, the same as the price at which the 8,800,000 shares were sold to the underwriters. Total net proceeds from the sale of the 10,120,000 shares are approximately $726.9 million. KMR intends to use all of the proceeds from the sale of shares to purchase a corresponding number of i-units from Kinder Morgan Energy Partners, L.P., and KMP plans to use the proceeds from KMR’s purchase of such i-units to pay a portion of the purchase price for its recently completed drop down transaction.  Full Article

Search Stocks