FTC Demands Changes In $22B Energy Buyout

Law360, New York (January 26, 2007, 12:00 AM EST) -- The Federal Trade Commission has challenged a proposed $22 billion buyout deal of energy giant Kinder Morgan Inc. by a group of private equity firms, concerned over possible antitrust implications.

On Thursday, the FTC issued a set of restrictions to the investment consortium vying to take Kinder Morgan private, which includes such big-name firms as Carlyle Group and Riverstone Holdings LLC.

“This is an example of the Commission acting to ensure that mergers and acquisitions involving energy firms will not lead to higher gasoline prices for...
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