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Kinder Morgan announces $250M warrant purchase program

Kinder Morgan announced that its board has approved a warrant purchase program, authorizing Kinder Morgan to repurchase in the aggregate up to $250M of its warrants to purchase shares of Kinder Morgan Class P common stock, which are currently trading on a when issued basis. Under the repurchase program, there is no time limit for warrant repurchases, nor is there a minimum number of warrants that Kinder Morgan intends to repurchase.