Copano Energy, L.L.C. is a energy company that is best known for working with midstream services to natural gas producers. Today might have been the first you have heard of them but they are making big noise in their industry. This is because Kinder Morgan Energy is buying them for around $3.2 billion dollars.
This could be great news for investors as the buyout price is far higher than what the price has been. Copano Energy currently has a 6.05% dividend yield and with the buyout talks there are a number of reasons to take notice. Is Kinder Morgan making the right move buying out Copano Energy? Many people feel it's a great move because so much of what Copano Energy has built can be utilized to the fullest with the resources of Kinder Morgan.
Rumors of Investigations are swirling after news of the buyout reached the airwaves. Share holders will receive 0.4563 shares of KMP for each of their shares of Copano Energy which right now looks like a very good deal. Nobody is surprised that investigators will be looking into claims from the share holders. Finkelstein Thompson LLP is going to be investigating as well as WeissLaw LLP. Eventually there could be others investigating as well.
Kinder Morgan Energy Partners currently has a 5.89% dividend yield and lost $2.05 per share with news of the buyout. They are currently valued at a 31.98 billion dollar market cap. They seem like they are in a good position to make the purchase and move forward without any problems. They might be a stock to keep an eye on but their P/E ratio is 53.23 which is far higher than what we usually invest in.
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