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News Breaks | | | | January 30, 2013 | | 05:08 EDT |  | KMP, CPNO | Kinder Morgan Energy acquires Copano for about $5B in unit for unit transaction
Kinder Morgan Energy (KMP) and Copano Energy (CPNO) announced a definitive agreement whereby KMP will acquire all of Copano's outstanding units for a total purchase price of approximately $5B, including the assumption of debt. The transaction, which has been approved by the boards of both companies, will be a 100% unit for unit transaction with an exchange ratio of .4563 KMP units per Copano unit. The consideration to be received by Copano unitholders is valued at $40.91 per Copano common unit based on KMP's closing price as of January 29, representing a 23.5% premium to Copano's close on January 29. The transaction is expected to close in Q3. TPG, Copano's largest unitholder, owning over 14% of its outstanding equity, has agreed to support the transaction. | |
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News For KMP;CPNO From The Last 14 Days Check below for free stories on KMP;CPNO the last two weeks. |
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| June 13, 2013 | | 10:39 EDT | | KMP | Kinder Morgan TransMountain Pipeline closed after spill, NEB says
 Subscribe for More Information | | | June 10, 2013 | | 09:07 EDT | | KMP | Kinder Morgan Energy to start new biz of acquiring, owning, leasing properties
Subscribe for More Information | | | June 6, 2013 | | 06:11 EDT |  | KMP | Kinder Morgan Energy re-initiated with an Overweight at Barclays
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