Copano's $3B Kinder Morgan Deal On Track After Settlements

Law360, New York (April 22, 2013, 12:57 PM EDT) -- Copano Energy LLC has settled three lawsuits in Delaware and Texas to pave the way for its $3.2 billion takeover by Kinder Morgan Inc., agreeing on Monday to disclose more information, mostly on financial metrics, but not budging on price.

Copano said in a securities filing that it settled “solely to avoid the costs, risks, and uncertainties inherent in litigation and without admitting any liability or wrongdoing.” The agreement, which still requires court approvals, paves the way for a shareholder vote scheduled for April 30....
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