Law Office of Brodsky & Smith, LLC Announces Investigation of Copano Energy, LLC

Wed Jan 30, 2013 9:30pm EST

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BALA CYNWYD, Pa.,  Jan. 30, 2013  /PRNewswire/ -- Law office of Brodsky & Smith,
LLC announces that it is investigating potential claims against the Board of
Directors of Copano Energy, LLC ("Capano" or the "Company") (Nasdaq: CPNO)
relating to the proposed acquisition by Kinder Morgan Energy Partners, L.P.
("Kinder Morgan").  

Under the terms of the transaction, Copano shareholders will receive only 0.4563
of a  Kinder Morgan  share for each share of Copano stock they own. The
investigation concerns possible breaches of fiduciary duty and other violations
of state law by the Board of Directors of Copano for not acting in the Company's
shareholders' best interests in connection with the sale process to  Kinder
Morgan. The focus of the investigation is whether Copano's Board of Directors
breached their fiduciary duties by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction. The transaction may
undervalue Copano due to Copano's strong growth prospects based upon the
Company's increasingly attractive shale basins in  Texas,  Wyoming, and 
Oklahoma.

If you own shares of Copano stock and wish to discuss the legal ramifications of
the proposed transaction, or have any questions, you may e-mail or call the law
office of Brodsky & Smith, LLC who will, without obligation or cost to you,
attempt to answer your questions.  You may contact  Jason L. Brodsky, Esquire 
or  Evan J. Smith, Esquire  at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, 
Bala Cynwyd, PA  19004, by e-mail at  investorrelations@brodsky-smith.com 
visiting  http://brodsky-smith.com/535-cpno-copano-energy-llc.html, by calling
toll free 877-LEGAL-90.

 

 

 

 

SOURCE  Law Office of Brodsky & Smith, LLC

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