BALA CYNWYD, Pa., Jan. 30, 2013 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Copano Energy, LLC ("Capano" or the "Company") (Nasdaq: CPNO) relating to the proposed acquisition by Kinder Morgan Energy Partners, L.P. (" Kinder Morgan"). Under the terms of the transaction, Copano shareholders will receive only 0.4563 of a Kinder Morgan share for each share of Copano stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Copano for not acting in the Company's shareholders' best interests in connection with the sale process to Kinder Morgan. The focus of the investigation is whether Copano's Board of Directors breached their fiduciary duties by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction. The transaction may undervalue Copano due to Copano's strong growth prospects based upon the Company's increasingly attractive shale basins in Texas, Wyoming, and Oklahoma. If you own shares of Copano stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org visiting http://brodsky-smith.com/535-cpno-copano-energy-llc.html, by calling toll free 877-LEGAL-90. SOURCE Law Office of Brodsky & Smith, LLC
Copano Energy (Nasdaq:CPNO) hit a new 52-week high Wednesday as it is currently trading at $41.52, above its previous 52-week high of $41.41 with 16,138 shares traded as of 9:35 a.m. ET. Average volume has been 926,100 shares over the past 30 days.