Berry 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.
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