WAYNE, Pa., Jan. 31, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP ( www.rmclasslaw.com/cases/cpno) is investigating potential claims against the board of directors of Copano Energy LLC ("Copano Energy" or the "Company") (NASDAQ: CPNO) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Kinder Morgan Energy Partners, L.P. (" Kinder Morgan") in a transaction valued at approximately $5 billion. (Logo: http://photos.prnewswire.com/prnh/20121112/MM11729LOGO ) Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company's board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Copano Energy. For more information regarding our investigation, please contact Ryan & Maniskas, LLP ( Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at firstname.lastname@example.org or visit: www.rmclasslaw.com/cases/cpno. Under the terms of the transaction, Copano Energy shareholders will receive 0.4563 of a Kinder Morgan share for each share of Copano Energy they own, representing a value of approximately $40.91 a share. If you own shares of Copano Energy and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/cpno. You may also email Mr. Maniskas at email@example.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com. Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
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.