Wednesday, 30 January 2013

Kinder Morgan Buying TPG-Backed Copano Energy for $3.23B

Kinder Morgan Energy Partners agreed to acquire Copano Energy LLC in a roughly $3.23 billion deal as the pipeline company looks to expand its midstream services.
The Carlyle Group -backed Kinder Morgan Energy said it will swap 0.4563 of a unit for each Copano unit, valuing Copano units at $40.91 each and marking a premium of almost 24% over Tuesday's close....

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