Shares of

Kinder Morgan

(KMI) - Get Report

were among the

NYSE's

winners Tuesday, jumping 20% after the pipeline operator received a buyout offer from a group of investors led by its chief executive.

Kinder Morgan CEO Richard Kinder, several senior managers and an investment group that includes Goldman Sachs Capital Partners, offered to buy the company for $100 a share in cash, representing a 19% premium over Friday's closing price of $84.41. Including the assumption of debt, the deal is valued at about $22 billion.

"We believe that our offer is fair and in the best interest of the company and its public shareholders and that the shareholders will find our proposal attractive," Richard Kinder said in a letter to the company on Sunday. "I would continue as chairman and CEO following the transaction, and we also expect that the company's senior management team would remain in place," Kinder continued. The company said it has formed a special committee that will consider the offer. Shares were trading up $17.20 to $101.61.

Tribune

( TRB) rose 7% after the media company said it plans to purchase up to 53 million shares through a Dutch auction. The company also plans to buy an additional 10 million shares from its principal shareholder and another 12 million shares through open-market purchases. Tribune said shareholders would be able to tender shares at prices ranging from $28 a share and not more than $32.50 a share. The tender offer will expire on June 26.

The share purchases, which would amount to more than $2 billion, would represent about 25% of Tribune's outstanding shares. "These stock repurchases demonstrate our confidence in the company and its future and represent a very meaningful step in our commitment to enhance value for shareholders," the company said. Shares were up $2.03 to $29.92.

Shares of

Albertson's

(ABS)

traded actively after the supermarket operator posted better-than-expected first-quarter earnings. The company, which is in the process of being acquired by a consortium of investors that includes

Supervalu

(SVU)

and

CVS

(CVS) - Get Report

, posted earnings of $167 million, or 45 cents a share, on sales of $9.94 billion. The results included a pretax gain of $47 million, or 8 cents a share. Analysts polled by Thomson First Call expected earnings of 25 cents a share. During the year-earlier quarter, the Albertson's earned $100 million, or 27 cents a share, on sales of $9.99 billion. Shares were down 2 cents to $25.60.

Level 3 Communications

(LVLT)

fell 7% after the communications and information-services company laid out plans to sell 125 million shares of stock and $150 million in convertible senior notes due 2012. Level 3 plans to use proceeds from the separate offerings, which are expected to be completed in June, to repay debt and fund general corporate purposes. Merrill Lynch is leading the underwriting syndicate in both offerings. Shares were trading at $4.92, down 36 cents.

Shares of

Doral Financial

(DRL)

rose 7% after the company tapped Glen Wakeman as president and chief operating officer. Wakeman, a 20-year veteran of

General Electric

(GE) - Get Report

, also will become chief executive and a member of the board after the company files its 2005 annual report, which "is expected as soon as practicable," the company said. Wakeman most recently served as CEO of GE's consumer finance arm in Latin America. Wakeman will replace John Ward as CEO. Ward had been serving as interim CEO since August. Ward, meanwhile, will resume his role as non-executive chairman of the board. Doral shares were up 50 cents to $7.50.

NYSE volume leaders included

Ford

(F) - Get Report

, down 21 cents to $7.10;

CA

(CA) - Get Report

, down 85 cents to $21.31;

Lucent Technologies

( LU), down 3 cents to $2.55;

Wal-Mart

(WMT) - Get Report

, down $1.15 to $48.50;

General Motors

(GM) - Get Report

, down $1 to $27.08;

Pfizer

(PFE) - Get Report

, down 15 cents to $23.85;

Time Warner

(TWX)

, down 10 cents to $17.34; and

General Electric

(GE) - Get Report

, down 8 cents to $34.25.

Nasdaq

volume leaders included

Sun Microsystems

(SUNW) - Get Report

, up 20 cents to $4.62;

Sirius Satellite Radio

(SIRI) - Get Report

, up 24 cents to $4.42;

Intel

(INTC) - Get Report

, down 22 cents to $18;

Cisco Systems

(CSCO) - Get Report

, down 26 cents to $20.05;

Microsoft

(MSFT) - Get Report

, down 28 cents to $23.44;

Dell

(DELL) - Get Report

, up 34 cents to $25.15; and

JDSU

(JDSU)

, down 9 cents to $2.98.