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CORPORATE TRANSACTIONS
Kinder Morgan, Inc.
Chimicles & Tikellis LLP represents stockholders of Kinder Morgan, Inc. (KMI) in actions that initially challenged the proposed acquisition of Kinder Morgan by a buyout group lead by its largest stockholder and chairman, Richard Kinder. Richard Kinder's group announced a $100 per share merger proposal on May 28, 2006. Chimicles & Tikellis LLP filed Petitions in the District Court of Shawnee County, Kansas (Kinder Morgan's state of incorporation) on June 9, 2006 seeking to require that the Kinder Morgan board of directors fulfill its fiduciary duties and obligations to the Company's public shareholders in the face of the "going-private" takeover proposal.
On August 1, 2006, the District Court of Shawnee County, Kansas appointed Plaintiffs Land and Geiger as co-lead Plaintiffs. The Court further appointed Pamela S. Tikellis as interim co-lead Counsel for the Plaintiffs.
On August 28, 2006, KMI announced that it had agreed with the Buyout Group to be acquired in a going private transaction for $107.50 per share. Plaintiffs filed their Consolidated and Amended Class Action Petition on August 28, 2006. The Consolidated and Amended Class Action Petition alleges that the value of KMI's shares is materially in excess of the $107.50 agreed to in connection with the Buyout, that the consideration is inadequate and represents an attempt by the Buyout Group to wield its control to force out the public shareholders in order to reward itself with the profits rightfully belonging to the Plaintiffs and KMI's public shareholders, and that the proposed offer was timed to take advantage of a slump in the share price of KMI that immediately preceded the initial Buyout offer. On October 2, 2006, Plaintiffs filed their Second Consolidated and Amended Class Action Petition.
Copies of the Petitions, as filed, and Court Orders are linked below.
Petition of Dr. Douglas Geiger
Petition of Robert P. Land
Pamela S. Tikellis Appointed Interim Co-Lead Counsel
Consolidated and Amended Class Action Petition
Second Consolidated and Amended Class Action Petition CONTACT:
Pamela S. Tikellis
Robert J. Kriner, Jr.
A. Zachary Naylor
CHIMICLES & TIKELLIS LLP
One Rodney Square
P.O. Box 1035
Wilmington, DE 19899
Telephone: (302) 656-2500
Toll Free: 866-399-2487
Facsimile: (302) 656-9053
Website: www.chimicles.com
E-mail: PamelaTikellis@chimicles.com
RobertKriner@chimicles.com
ZacharyNaylor@chimicles.com
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