Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Copano Energy, L.L.C. (CPNO)

NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Copano Energy, L.L.C. (“Copano” or the “Company”) (NasdaqGS: CPNO) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Kinder Morgan Energy Partners, L.P. (“KMP”) (NYSE: KMP) in a stock-for-stock deal valued at approximately $5 billion, including the assumption of debt. Under the terms of the proposed transaction, Copano’s stockholders will receive 0.4563 of a KMP share per each share of Copano common stock they own. The consideration to be received by Copano’s shareholders is valued at $40.91 based on KMP’s closing price the day before the announcement, January 29, 2013.