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Stock Market & Financial Investment News

News Breaks
October 25, 2013
11:37 EDTBRY, LNCO, LINEBerry Petroleum says merger can be terminated after October 31
Berry Petroleum (PERY) announced last night in a regulatory filing that if the closing of its proposed merger with LINN Energy (LINE) and LinnCo (LNCO) does not occur on or prior to October 31, any of the companies involved may unilaterally terminate the merger agreement. "There can be no assurances as to whether the parties will agree to extend the End Date or that the parties will refrain from exercising their rights to terminate the Merger Agreement," Berry stated. Shares of LINN Energy are trading down 5% to $26.85 while LinnCo shares are down 5% to $29.73. Berry Petroleum shares are little changed in late morning trading.
News For BRY;LINE;LNCO From The Last 14 Days
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March 30, 2015
05:53 EDTLINE, LNCOLINN Energy downgraded to Sell from Neutral at UBS
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05:52 EDTLINE, LNCOLinnCo downgraded to Sell from Neutral at UBS
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March 26, 2015
10:30 EDTLINEOptions with decreasing implied volatility
Options with decreasing implied volatility: ASPS WLL WBAI CTRP FIVE LINE DRC RHT LULU APOL
March 25, 2015
10:36 EDTLNCOOptions with decreasing implied volatility
Options with decreasing implied volatility: FOLD WLL WBAI ASPS GES PSEC CTRP LNCO VRTX ARP
March 24, 2015
10:17 EDTLNCOOptions with decreasing implied volatility
Options with decreasing implied volatility: FOLD NKTR GES VHC CTRP WSM WLL LNCO NLY ORCL
06:49 EDTLINE, LNCOLINN Energy signs $1B letter of intent with Quantum Energy Partners
LINN Energy (LINE) and LinnCo (LNCO) announced that LINN has signed a non-binding letter of intent with private capital investor Quantum Energy Partners to fund selected future oil and natural gas acquisitions and development on those acquired assets. Subject to final documentation, Quantum has agreed to initially commit up to $1B of equity capital to fund acquisitions and development of oil and natural gas assets. LINN will have the ability to participate in all acquisition opportunities with a direct working interest ranging from 15% to 50%. AcqCo assets will be managed by LINN in exchange for a reimbursement of general and administrative expenses. Additionally, after certain investor return hurdles are met, LINN will have the ability to earn a promoted interest in AcqCo. Upon the sale of any assets within AcqCo, LINN will be given right of first offer to acquire those assets.

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