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Monday, 08 September, 2008, 18:50 GMT | more prices >>

Copano shells out $675m for Cantera



By Upstream staff 

Natural gas gathering and pipelines company Copano Energy is set to acquire Denver-based Cantera Natural Gas from Metalmark Capital in a $675 million cash-and-stock deal.

The deal will be split into $562.5 million in cash and 3.2 million Class D units to be issued at closing, the company said.

Copano, which expects the deal to close in the fourth quarter, will provide a portion of the cash through its $335 million private placement of equity, in addition to the $112.5 million of equity placed with the seller.


Tuesday, 04 September, 2007, 12:01 GMT  | last updated: Tuesday, 04 September, 2007, 12:01 GMT

Pipe deal: Copano is set to buy Cantera Natural Gas
 

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