Copano Energy, L.L.C. (CPNO) announced that its unitholders voted to adopt the merger agreement, entered into on January 29, 2013, among Copano, Kinder Morgan Energy Partners, L.P. (KMP), Kinder Morgan G.P., Inc. and Javelina Merger Sub LLC, a wholly-owned subsidiary of Kinder Morgan Energy Partners, L.P., pursuant to which Copano will become a wholly-owned subsidiary of Kinder Morgan.
The company noted that based on the results, more than 99 percent of the units voted at the special meeting voted in favor of adoption of the merger agreement.
Copano stated that as previously announced on January 29, in accordance with the merger agreement, Kinder Morgan agreed to acquire all of Copano's outstanding units in a 100 percent unit-for-unit transaction with an exchange ratio of .4563 KMP units per CPNO unit.
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