Copano Energy Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP
Investigate Sale to Kinder Morgan
DALLAS -- January 30, 2013
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor, LLP are
investigating the sale of Copano Energy, LLC (“Copano”) (NasdaqGS: CPNO) to
Kinder Morgan Energy Partners LP for shareholders. Under the terms of the
proposed all-stock deal valued at approximately $5 billion with the assumption
of debt, Copano shareholders will be entitled to receive only 0.4563 shares of
Kinder stock for each share of Copano owned. The proposed consideration is
valued at approximately $40.91 per share, which is below at least one
analyst’s estimated value of $41 per share.
If you are an affected investor, and you want to learn more about the lawsuit
or join the action, please contact Willie Briscoe at The Briscoe Law Firm,
PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach
Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
email@example.com. There is no cost or fee to you.
The Copano sale investigation centers on whether Copano’s shareholders are
receiving adequate compensation for their shares in the buyout, whether the
transaction undervalues Copano’s stock, and whether Copano’s board attempted
to obtain the highest share price for all shareholders prior to agreeing to
the deal. Notably, at least one analyst with Yahoo! Finance estimated that the
true inherent value of the company could be as high as $41 per share.
According to shareholder rights attorney Willie Briscoe, “due lack of
significant premium over the 52-week high, the recent performance of Copano,
the consideration proposed and other factors, we believe this transaction may
undervalue Copano’s stock. Our proposed lawsuit will seek to obtain the
highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience in
complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of
complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Powers Taylor, LLP
Zach Groover, 877-728-9607
Press spacebar to pause and continue. Press esc to stop.