SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of
Investors of Copano Energy LLC -CPNO
NEW YORK, Jan. 30, 2013
NEW YORK, Jan. 30, 2013 /PRNewswire/ --Pomerantz Grossman Hufford Dahlstrom &
Gross LLP is investigating claims on behalf of investors of Copano Energy LLC
("Copano Energy" or the "Company") (NASDAQ: CPNO) (ISIN: US2172021006) (CUSIP:
217202100) concerning the proposed acquisition of Copano Energy by Kinder
Morgan Energy Partners, L.P. in a transaction valued at approximately $5
Billion in a Unit for Unit transaction.
The investigation concerns whether the Copano Energy directors are breaching
their fiduciary duties by failing to adequately shop the Company and maximize
shareholder value. Under the terms of the agreement, Copano Energy
shareholders will be entitled to receive a 100 percent unit for unit
transaction with an exchange ratio of .4563 Kinder Morgan units per Copano
unit. However, the price to book value multiple is below comparable
transactions' average. Moreover, at least one analyst has set a target price
of $41 per share.
Copano Energy shareholders seeking more information about this acquisition are
advised to contact Robert Willoughby at firstname.lastname@example.org or
212-661-1100 or 888-476-6529, ext. 237.
The firm is also investigating actions on behalf of shareholders for the
following companies: Arbitron Inc., Net1 Ueps Technologies, Inc., Universal
Technical Institute, and Clearwire Corporation, Ameristar Casinos, Inc.
K-Swiss, Inc., Neptune Technologies Bioressources, Inc., Telanetix, Inc.,
Somerset Hills Bancorp, and BioClinica Inc.
The Pomerantz Firm, with offices in New York, Chicago and San Diego, is
acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the Pomerantz Firm
pioneered the field of securities class actions. Today, more than 75 years
later, the Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of fiduciary duty,
and corporate misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP
Contact: Robert Willoughby, Pomerantz Grossman Hufford Dahlstrom & Gross LLP,
+1-212-661-1100 ext. 237, email@example.com
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