The Online Investor
Oil & Gas Equipment & Services M&A image Oil & Gas Equipment & Services M&A » By The Online Investor Staff, updated Mon., Feb. 17, 7:49 AM Recent mergers and acquisitions in the Oil & Gas Equipment & Services M&A category.

Slide #91. Kinder Morgan Energy Partners, L.P. Copano Energy, L.L.C.

Acquirer: Kinder Morgan Energy Partners, L.P. (KMP)
Acquiree: Copano Energy, L.L.C. (CPNO)
Details: Kinder Morgan Energy Partners, L.P. (NYSE:KMP) and Copano Energy, L.L.C. (NASDAQ:CPNO) today announced 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 a 23.5 percent premium to Copano's close on Jan. 29, 2013. The transaction, which is expected to close in the third quarter of 2013, is subject to customary closing conditions, including regulatory approval and a vote of the Copano unitholders. TPG, Copano's largest unitholder (owning over 14 percent of its outstanding equity), has agreed to support the transaction.

Kinder Morgan Energy Partners is a pipeline transportation and energy storage company. As of Dec 31 2013, Co. owned an interest in or operates approximately 52,000 miles of pipelines and 180 terminals. Co.'s pipelines transport natural gas, refined petroleum products, crude oil, condensate, carbon dioxide and other products, and its terminals store petroleum products, ethanol and chemicals, and handle such products as coal, petroleum coke and steel. Co. is also a producer and transporter of carbon dioxide (CO2), for oil recovery projects in North America. Co. has five business segments: Products Pipelines, Natural Gas Pipelines, CO2, Terminals and Kinder Morgan Canada.

Open the KMP Page at The Online Investor »

Kinder Morgan Energy Partners is a pipeline transportation and energy storage company. As of Dec 31 2013, Co. owned an interest in or operates approximately 52,000 miles of pipelines and 180 terminals. Co.'s pipelines transport natural gas, refined petroleum products, crude oil, condensate, carbon dioxide and other products, and its terminals store petroleum products, ethanol and chemicals, and handle such products as coal, petroleum coke and steel. Co. is also a producer and transporter of carbon dioxide (CO2), for oil recovery projects in North America. Co. has five business segments: Products Pipelines, Natural Gas Pipelines, CO2, Terminals and Kinder Morgan Canada.

Open the CPNO Page at The Online Investor »

Company Name: 
Kinder Morgan Energy Partners, L.P.
Website: 
www.kindermorgan.com
Sector: 
Oil & Gas Equipment & Services
Company Name: 
Copano Energy LLC
Website: 
www.copanoenergy.com
Sector: 
Oil & Gas Equipment & Services
 

Quotes delayed 20 minutes


Oil & Gas Equipment & Services M&A - Slide 91 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2020, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.