Kinder Morgan Energy Partners L.P. (KMP) announced it has signed a definitive purchase and sale agreement to acquire four terminals from Slay Industries for about $98 million.
As part of the transaction, KMP and Slay Industries have entered into a joint venture agreement at the Kellogg Dock coal bulk terminal, in Modoc, Ill., and the newly created North Cahokia terminal in Sauget, which has 175 acres to develop. All of the assets in Sauget have access to the Mississippi River and five rail carriers.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.