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Stock Market & Financial Investment News

News Breaks
December 11, 2012
12:39 EDTKMI, CDZICadiz announces agreement with Kinder Morgan
Cadiz (CDZI) announced it has entered into a new agreement with Kinder Morgan (KMI) securing the company's ownership of a 96-mile natural gas pipeline linking its holdings in the Cadiz Valley to the northern and central California water delivery network. The exchange agreement divides 220 miles of pipeline currently under option to the company, with the company gaining ownership rights to the 96-mile eastern segment between Barstow and the Cadiz Valley and returning to Kinder Morgan rights to the 124-mile western segment. In 2010, Cadiz procured an option to purchase the 220-mile pipeline for $40M from El Paso Natural Gas, which was subsequently acquired by Kinder Morgan. Kinder Morgan is currently exploring expansion of its oil and gas transportation network between Texas and California and desired to purchase back the rights to the western segment of this line. The consideration that Kinder Morgan has paid Cadiz for this agreement has been made by way of a reduction in the purchase price of the 96-mile eastern segment of the pipeline to a nominal amount of $1 (one dollar). In addition, Kinder Morgan will pay the company a further $10M cash payment at the time it seeks regulatory approval for use of the western line.
News For CDZI;KMI From The Last 14 Days
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November 21, 2014
15:08 EDTKMIOptions Update; November 21, 2014
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November 20, 2014
15:44 EDTKMIOptions Update; November 20, 2014
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13:05 EDTKMIKinder Morgan projects $2.00 per share dividend for 2015
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13:04 EDTKMIKinder Morgan announces shareholder approval of merger transactions
Kinder Morgan (KMI) announced that at special meetings held by each of KMI, Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB), unitholders and shareholders approved all proposals related to the merger transactions previously announced on Aug. 10. More than 95% of the votes cast at the special meeting of each company were voted in favor of the proposals related to the merger transactions. The deadline for KMP and EPB unitholders to elect the form of consideration they wish to receive in each of KMP’s and EPB’s pending mergers with KMI is 5:00 p.m. ET on Nov. 24, 2014. The election deadline may be extended, in which case KMI will issue a press release announcing the new election deadline. The closing of each merger is expected to occur on Nov. 26, 2014. Accordingly, it is expected that Nov. 26 will be the last trading day for KMP and EPB units as well as KMR shares.
09:43 EDTKMIKinder Morgan to host special shareholder meeting
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09:37 EDTKMIEl Paso Pipeline to host special shareholder meeting
Special shareholder meeting to approve the merger agreement with Kinder Morgan, Inc. is being held in Houston, Texas on November 20 at 11 am.
November 17, 2014
07:12 EDTKMIBloomberg / Mayer Brown to co-host a conference
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November 14, 2014
16:39 EDTCDZIWater Asset Management reports 13.79% passive stake in Cadiz
12:53 EDTKMIOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
07:05 EDTKMIKinder Morgan says expected closing date of merger Nov. 24
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November 13, 2014
14:50 EDTKMILonestar Capital to shut down by mid-2015, WSJ reports
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14:45 EDTKMILonestar capital to shut down, DJ reports
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November 10, 2014
09:05 EDTKMIKinder Morgan says ISS, Egan-Jones recommend approval of merger transactions
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08:34 EDTCDZICadiz files sells 1.6M shares at $10.18 in a registered direct offering
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