Before The Bell
FONT-SIZE Plus   Neg

Copano Energy (CPNO) Jumped To A New High After Merger Announcement

Copano Energy (CPNO: Quote) announced after the bell Tuesday that it agreed to be acquired by Kinder Morgan Energy Partners (KMP: Quote) for approximately $5 billion. The transaction is expected to close in the third quarter of 2013.

Copano Energy gapped open dramatically higher Wednesday, but traded in a range for the majority of the session. The stock closed up by 4.90 at $38.03 on the highest volume of the year and leaped to a new high for the year.

Click here to receive FREE breaking news email alerts for Copano Energy LLC and others in your portfolio

by RTT Staff Writer

For comments and feedback:

Business News

comments powered by Disqus