Business Wire News with Multimedia: KMP to Acquire Copano for Approximately $5 Billion in Unit for Unit Transaction

Business Wire News with Multimedia News with Multimedia distributed by Business Wire

KMP to Acquire Copano for Approximately $5 Billion in Unit for Unit Transaction Jan 30th 2013, 03:30 HOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) and Copano Energy, L.L.C. (NASDAQ: CPNO) today announced a definitive agreement whereby KMP will acquire all of Copano's outstanding units for a total purchase price of approximately $5 billion, including the assumption of debt. The transaction, which has been approved by the boards of directors of both companies, will be a 100 percent unit for unit transaction with an exchange ratio of .4563 KMP units per Copano unit. The Media files: ViewMedia?mgid=188771&vid=21 (image/jpeg, 0 MB)

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