Pipeline operator Kinder Morgan Canada launches share offering
Pipeline operator Kinder Morgan Canada Ltd on Thursday announced a C$200 million ($159 million) share offering for the completion of certain projects and to reduce debt.
The company said it would offer 8 million shares at C$25 per share, which represents a 37.7 percent premium to the stock's Wednesday close.
(Reporting by Ahmed Farhatha in Bengaluru; Editing by Martina D'Couto)