Kinder Morgan To Acquire Copano Energy For $3.2B In StockVW Staff
Kinder Morgan Energy Partners LP (NYSE:KMP) has taken a giant stride towards acquiring Copano Energy, L.L.C. (NASDAQ:CPNO), in a deal worth about $3.2 billion. The completion of the deal will give Kinder Energy access to oil and gas-rich territories in Texas, Wyoming and Oklahoma. The shale gas exploration industry has gained popularity over the recent past and companies are grappling to have a share of the cake before it runs out.
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