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| August 29, 2006 | Tuesday | Sha'aban 4, 1427 |
Takeover
HOUSTON, Aug 28: US pipelines operator Kinder Morgan Inc. (KMI) said on Monday it was being taken over through a management buyout worth $22bn. The deal, which includes $7 billion in debt, will see chief executive Richard Kinder, co-founder Bill Morgan, other board members and investment partners pay $107.50 for each share held by KMI stockholders.—AFP
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