Navigate this market better. Subscribe for FREE stock alerts and information.

Sunday, August 10, 2014

REFILE-Kinder Morgan to consolidate assets in $70 billion deal, (NYSE: KMI)

Kinder Morgan is bringing all of its publicly traded units under one roof in a $70 billion deal that reshapes the financial structure of the oil and gas pipeline company.

Kinder Morgan, Inc. (KMI) owns and manages a diversified portfolio of energy transportation and storage assets. Shares of KMI traded higher by 2.12% or $0.75/share to $36.12. 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 3215206.