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Monday, August 11, 2014

BRIEF-Kinder Morgan CEO sees opportunity for "sizable" midstream acquisitions, (NYSE: KMI)

Kinder Morgan Inc : * Kinder morgan CEO rich Kinder says combined company will have opportunity for "sizable" midstream acquisitions * CEO says company does not have any current plans to divest assets * CFO says expects $20 million per year in synergies from proposed deal

Kinder Morgan, Inc. (KMI) owns and manages a diversified portfolio of energy transportation and storage assets. Shares of KMI traded higher by 15.25% or $5.51/share to $41.63. In the past year, the shares have traded as low as $30.81 and as high as $38.30. On average, 5370730 shares of KMI exchange hands on a given day and today's volume is recorded at 7916084.