New York, August 28, 2006 – LAWFUEL – Legal News Network – Weil, Gotshal & Manges LLP, the international law firm, advised Kinder Morgan (KMI) Chairman and CEO Richard F. Kinder and Kinder Morgan senior management who, along with co-founder Bill Morgan, current board members Fayez Sarofim and Mike Morgan, and investment partners Goldman Sachs Capital Partners and certain affiliates, American International Group and certain affiliates (principally AIG Financial Products and AIG Highstar Capital), The Carlyle Group and Riverstone Holdings (“Investor Group”), have agreed to acquire KMI in a transaction valued at approximately US$22 Billion.
The agreement, which is expected to be completed by early 2007, includes the assumption of approximately US $7 Billion of debt.
Kinder will continue as Chairman and CEO following the close of the transaction and will reinvest all of his 24 million KMI shares.
Kinder Morgan, Inc. is one of the largest energy transportation, storage and distribution companies in North America. KMI owns the general partner interest of Kinder Morgan Energy Partners, L.P (NYSE: KMP), one of the largest publicly traded pipeline limited partnerships in the United States.
Weil, Gotshal & Manges LLP’s Team
Partners: James S. Westra (Corporate, Boston); R. Jay Tabor (Corporate, Dallas), Marc L. Silberberg (Tax, New York), Michael Nissan (Tax/Executive Compensation, New York), Steven A. Newborn (Antitrust, Washington), Laura A. Wilkinson (Antitrust, Washington), Andrew L. Gaines (Employee Benefits, New York)
Associates: Adam D. Nelson (Corporate, Dallas), Jeff C. Angerman (Corporate, Dallas), Cody C. Tibbetts (Corporate Boston), Keith L. Cooper (Tax, Houston), Stanley E. Ramsay (Tax, New York), Max A. Goodman (Tax, New York), Jill D. Chesler (Employee Benefits, New York), Nancy Y. Tong (Employee Benefits, New York), Jeff L. White (Antitrust, Washington)
About Weil, Gotshal & Manges
Weil, Gotshal & Manges LLP is an international law firm of over 1,100 lawyers, including approximately 300 partners. Weil Gotshal is headquartered in New York, with offices in Austin, Boston, Brussels, Budapest, Dallas, Frankfurt, Houston, London, Miami, Munich, Paris, Prague, Providence, Shanghai, Silicon Valley, Singapore,Warsaw, Wilmington.