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Kinder Morgan, the pipeline company taken private in 2007, is proposing to sell shares for as much as $29 each in what would be the largest initial public offering by a U.S. oil and natural-gas company since 1998.
The offering would raise as much as $2.3 billion by selling 80 million shares, according to a filing with the Securities and Exchange Commission on Thursday. The share sale will be the biggest by a U.S. oil and gas company since Conoco Inc. raised $4.4 billion in 1998, according to data compiled by Bloomberg.
