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Wednesday, February 2, 2011

Kinder Morgan to file IPO terms Thursday-source

Carlyle [CYL.UL]-backed pipeline company Kinder Morgan is expected to file terms for its initial public offering before U.S. markets open on Thursday, a source familiar with the plan said on Wednesday. The company is expected to file to sell shares for $26 to $29 each, and price the IPO on Feb. 10. It was not immediately clear how many shares Kinder Morgan or its shareholders plan to sell. The source cautioned that the information was preliminary and subject to change. The source declined to be named because the information was not public.