Goldman, Carlyle Sell Off $2B Worth Of Kinder Holdings

Law360, New York (June 06, 2012, 4:56 PM ET) -- Goldman Sachs Group Inc., Carlyle Group Management LLC and affiliated funds put $2 billion worth of Kinder Morgan Inc. shares up for sale Wednesday, less than two weeks after the Houston-based energy giant closed on the controversial $21.1 billion acquisition of pipeline company El Paso Corp.

The secondary offering of Kinder Morgan common stock, which is expected to close on Monday, will see the investors unload 63 million shares priced at $31.88 apiece, a 3.45 percent discount from the stock's Tuesday close of $33.02, according to...
To view the full article, register now.