Law Firm Brower Piven Announces Investigation of Copano Energy, L.L.C.

  Law Firm Brower Piven Announces Investigation of Copano Energy, L.L.C.

Business Wire

STEVENSON, Md. -- January 31, 2013

The securities litigation firm of Brower Piven, A Professional Corporation,
has commenced an investigation into possible breaches of fiduciary duty to
current shareholders of Copano Energy L.L.C. (“Copano” or the “Company”)
(Nasdaq: “CPNO”) and other violations of state law by the board of directors
of Copano relating to the proposed acquisition of the Company by Kinder Morgan
Energy Partners, L.P. (“KMP”). The firm’s investigation seeks to determine,
among other things, whether the board of directors of Copano breached their
fiduciary duties by failing to maximize shareholder value.

Under the terms of the proposed transaction, Copano shareholders will receive
0.4563 of a KMP share for each share of Copano stock they own. According to
the press release announcing the transaction, this equates to Copano
shareholders receiving a consideration of $40.91 per share of Copano common
stock they own. The total purchase price is currently being valued at $5
billion, including the assumption of debt. According to Yahoo! Finance, the
high analyst price target is $41.00 per Copano share.

If you currently own common stock of Copano and would like to learn more about
the investigation being conducted by Brower Piven, you may email or call
Brower Piven, who will, without obligation or cost to you, attempt to answer
your questions. You may contact Brower Piven by email at
hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A
Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating securities and
other class action cases of over 60 years.

Contact:

Brower Piven, A Professional Corporation
Stevenson, Maryland
Charles J. Piven, 410-415-6616
hoffman@browerpiven.com
 
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