One-Page Deal Sheet
Kinder Morgan to Acquire Copano in Billion-Dollar Deal
Kinder Morgan, Inc. Copano Energy Llc
Announced Date
January 30,2013
Transaction Type
Corporate
Location
Region
Mid-Continent,Gulf Coast - South Texas
Country
United States
State
Oklahoma
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Kinder Morgan Energy Partners L.P. and Copano Energy L.L.C. have reached a definitive agreement whereby KMP will acquire all of Copano’s outstanding units for a total purchase price of approximately $5 billion, including the assumption of debt.
The transaction, which has been approved by the boards of directors of both companies, will be a 100 percent unit for unit transaction with an exchange ratio of .4563 KMP units per Copano unit. The consideration to be received by Copano unitholders is valued at $40.91 per Copano common unit based on KMP’s closing price as of Jan. 29, 2013, representing…