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Stock Market & Financial Investment News

News Breaks
October 25, 2013
11:37 EDTLNCO, LINE, BRYBerry 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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November 7, 2014
07:54 EDTLINELINN Energy outlook still positive, says RBC Capital
After LINN reported Q3 results that RBC Capital views as solid but the company said it expects to have a shortfall of cash in Q4, RBC Capital says the guidance was "slightly disappointing," and cut its price target on the name to $32 from $38, However, the firm is upbeat about the company's proforma asset footprint and keeps an Outperform rating on the shares.

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