Kinder Morgan spends $3.2B to acquire Copano Energy

01/30/2013 | Bloomberg Businessweek

Kinder Morgan Energy Partners will spend $3.2 billion in stock to purchase Copano Energy, as the pipeline firm works to take advantage of surging shale natural gas production in Oklahoma, Texas and Wyoming. The transaction includes Copano's shares in nine plants and approximately 6,900 miles of pipelines. It also broadens Kinder Morgan's presence in the gathering and processing business.

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