Copano Energy Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Kinder Morgan
DALLAS--(BUSINESS WIRE)-- 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 firstname.lastname@example.org. 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.
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The article Copano Energy Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Kinder Morgan originally appeared on Fool.com.
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