America’s biggest pipeline company Kinder Morgan Energy Partners LP (NYSE:KMP), has agreed to buy the natural gas services company Copano Energy LLC in an all-stock deal for about $3.2 billion.
Latest released by the Kinder Morgan Energy stated that they will pay the same of $40.91 per share, about 24% more than Copano Energy’s closing price of $33.13 on January 29, including all the debt, this latest acquisition is the value of nearly $5 billion.
The Houston, Texas based Pipeline Company said this deal includes Copano’s interests in about 6,900 miles of pipelines and 9 plants to Kinder Morgan Energy’s 46,000 miles of lines. The company also said that Copano increases their company’s reach into the gathering and processing business, which includes all the pipelines that move gas from wells to delivery points and all the processing plants that strip valuable liquids from gas like ethane and propane.
Richard Kinder, chairman of Kinder Morgan Energy said that they continue to be more confident on the domestic shale plays and believe that they will drive considerable future growth and Copano’s assets are very complementary to Kinder.
In the world of computer, Dell Inc’s founder and CEO, Michael Dell is planning to try to get majority control of the company by buyout that would combine his 15.7% stake in Dell with as much as $1 billion of his personal funds.
According some reports, 47 years old, Michael Dell may contribute equity financing of $500 million to $1 billion, the company, which Michael founded, is nearing a buyout led by a leading private investor in technology, Silver Lake Management LLC, and Microsoft Corporation may provide part of the funding.
People familiar with this latest Dell Inc. (NASDAQ:DELL) situation have said that with this investment, the PC maker Dell would be contributing more than half of the total $8 billion to $9 billion equity check and the rest of the takeover would be financed by debt and much likely some of the $11 billion of cash, which Dell reported in September 2012.
On the other hand, some other reported showed that role of the software corporation Microsoft in the new company has been a sticking point in negotiations; however this grant deal is still expected to stay on way.
Round Rock, Texas, based PC maker Dell, nowadays faces really tough time, its stock has continued to lose its value as it defends itself against competitors, and even though the many acquisitions it’s made over the last several years, there are concerns about how quick those businesses are taking off.
KMP shares -2.03% to $87.84, DELL shares 0.40% to $13.30 in current trading session.