Kinder-Morgan goes private

Houston-Transportation company Kinder Morgan Inc. on Aug. 28 said it signed a definitive merger agreement under which Chairman and CEO Richard Kinder and other members of management, along with investment groups Goldman Sachs Capital Partners, American International Group Inc., The Carlyle Group, and Riverstone Holdings LLC., will acquire the company in a transaction valued at $22 billion. This includes the assumption of approximately $7 billion in debt. Shareholders will receive $107.50 in cash for each share.