Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Copano Energy, L.L.C. (CPNO)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Copano Energy, L.L.C. for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Kinder Morgan Energy Partners, L.P. (“KMP”) (NYSE: KMP) in a stock-for-stock deal valued at approximately $5 billion, including the assumption of debt. Under the terms of the proposed transaction, Copano’s stockholders will receive 0.4563 of a KMP share per each share of Copano common stock they own. The consideration to be received by Copano’s shareholders is valued at $40.91 based on KMP’s closing price the day before the announcement, January 29, 2013.
The investigation focuses on whether Copano’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Copano’s shareholders. Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.
If you own common stock in Copano and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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