|[January 30, 2013]
Copano Energy LLC Board of Directors Under Investigation for Potential Breaches of Fiduciary Duty by Glancy Binkow & Goldberg LLP
LOS ANGELES --(Business Wire)--
Glancy Binkow & Goldberg LLP announces that it is investigating
potential claims against the Board of Directors of Copano Energy LLC
("Copano" or the "Company") (NASDAQ: CPNO) related to the proposed
acquisition of the Company by Kinder Morgan Energy Partners LLC. The
transaction is valued at approximately $3.22 billion or $39.99 per share.
This investigation concerns whether the Board of Directors of Copano
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into the proposed transaction,
and whether the Company has disclosed all material information to
shareholders about he transaction. The Company has seen substantial
recent growth. Its share price has skyrocketed from $25.03 on May 18,
2012 to $33.94 on January 22, 2013. Further, at least one analyst has
set a target price for the Company's stock at $41.00 per share.
If you are a shareholder of Copano, if you have information or would
like to learn
more about our investigation, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Louis
Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East,
Suite 2100, Los Angeles, CA (News - Alert) 90067, by telephone at 310-201-9150 or
Toll-Free at 888-773-9224 or by email to firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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