KINDER MORGAN,INC. (NYSE:KMI-A) Files An 8-K Other EventsItem 8.01 Other Events.
As previously disclosed in the Current Report on Form8-K filed with the Securities and Exchange Commission by Kinder Morgan Canada Limited (“KML”) on June1, 2018, KML, Kinder Morgan Cochin ULC (“KMCU”) and Kinder Morgan,Inc. (“KMI”) entered into a Share and Unit Purchase Agreement (the “Purchase Agreement”) with Her Majesty in Right of Canada, as represented by the Minister of Finance (the “Purchaser”) on May29, 2018. to the Purchase Agreement and upon consummation of the Transaction, the Purchaser indirectly acquired from KMCU (a)all of the shares of Trans Mountain Pipeline ULC, (b)all of the partnership units of Trans Mountain Pipeline L.P. and (c)all of the shares of Kinder Morgan Canada Inc., for aggregate consideration of C$4.5 billion, subject to certain adjustments (the “Transaction”). The sale of these securities transferred to the Purchaser the ownership of the companies and limited partnership that hold the Trans Mountain pipeline system and related expansion project, the Puget Sound pipeline system and the Canadian employees that operate the business and assets to be sold.
The board of directors of KML, on September4, 2018, announced its plan for the use of proceeds from the Transaction, which is in part subject to the approval of KML’s shareholders under Canadian law. Subsequently, on September4, 2018, KMI issued press release announcing KMI’s intention to vote in favor of the KML board’s proposals that will facilitate its plan for the use of proceeds from the Transaction. The press release is furnished hereto as Exhibit99.1 and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits
(d)Exhibits — See ExhibitIndex