Common Contracts
1 similar null contracts
Dear shareholder:June 11th, 2018
On May 29, 2018, Kinder Morgan Canada Limited (the ‘‘Company’’) entered into a share and unit purchase agreement (the ‘‘Purchase Agreement’’) among Kinder Morgan Canada Cochin ULC, Her Majesty in Right of Canada (the ‘‘Purchaser’’), the Company and Kinder Morgan, Inc., under which the Purchaser has agreed, subject to the terms and conditions of the Purchase Agreement, to buy certain entities indirectly held by the Company, including the owner of the Trans Mountain pipeline system and related expansion project, for cash consideration of CDN$4.5 billion, subject to certain adjustments. The proposed transaction may constitute a sale of all or substantially all of the property of the Company under applicable corporate laws, which requires that the Company’s shareholders approve the proposed sale.
