Shareholders Foundation, Inc.

Kinder Morgan Management, LLC (NYSE:KMR) Investor Alert: Investigation of Takeover by Kinder Morgan, Inc.

An investigation on behalf of investors of Kinder Morgan Management, LLC (NYSE:KMR) in connection with the proposed takeover was announced and NYSE:KMR stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 08/18/2014 -- An investigation on behalf of investors, who currently hold shares of Kinder Morgan Management, LLC (NYSE:KMR), was announced concerning whether the takeover of Kinder Morgan Management, LLC by Kinder Morgan, Inc. for a value of $89.75 per share is unfair to NYSE:KMR stockholders.

Investors who purchased shares of Kinder Morgan Management, LLC (NYSE:KMR) and currently hold any of those NYSE:KMR shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Kinder Morgan Management, LLC breached their fiduciary duties owed to (NYSE:KMR investors in connection with the proposed acquisition.

On August 10, 2014, Kinder Morgan, Inc. (NYSE: KMI), Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE: EPB) announced that Kinder Morgan, Inc will acquire all of the outstanding equity securities of Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE: EPB). Under the terms of the agreement Kinder Morgan Management, LLC (NYSE: KMR) shareholders will receive 2.4849 Kinder Morgan, Inc. (NYSE: KMI) shares for each share of Kinder Morgan Management, LLC (NYSE: KMR) or a price of $89.75 per share.

However, given that NYSE:KMR shares jumped after the takeover announcement in the open market to as high as $99.77 per share on August 11, 2014, and that at least one analyst has set the high target price for NYSE:KMR shares at $92.00 per share, the investigation concerns whether the offer is unfair to NYSE:KMR stockholders. More specifically, the investigation concerns whether the Kinder Morgan Management Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Kinder Morgan Management, LLC reported that its Net Loss of $20.00 million in 2012 turned into a Net Income of $258 million in 2013. Shares of Kinder Morgan Management, LLC (NYSE:KMR) grew from $56.98 per share in August 2011 to as high as $87.94 per share in April 2013.

On August 14, 2014, NYSE:KMR shares closed at $95.05 per share.

Those who are current investors in Kinder Morgan Management, LLC (NYSE:KMR) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com