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Stock Market & Financial Investment News

News Breaks
March 18, 2013
09:21 EDTBRY, LNCO, LINELINN Energy, LinnCo get early HSR termination for Berry Petroleum merger
LINN Energy (LINE) and LinnCo (LNCO) announced that they have received early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with their proposed merger with Berry Petroleum Company (BRY), which was announced on February 21. The termination of this waiting period, which is effective as of March 13, satisfies one of the conditions to closing for LINN Energy and LinnCo's proposed acquisition of Berry Petroleum Company. The transaction is subject to other closing conditions, including the approval of the shareholders of Berry and LinnCo and the unitholders of LINN Energy. Subject to satisfaction of these other closing conditions, the transaction is expected to close by June 30, the companies said.
News For LINE;LNCO;BRY From The Last 14 Days
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August 24, 2015
19:19 EDTLINE, LNCOLINN Energy, LinnCo appoint David Rottino CFO
LINN Energy (LINE) and LinnCo (LNCO) announced that David Rottino has been appointed as executive VP and CFO of both LINN and LinnCo, effective immediately. Rottino joined the company in June 2008 as senior VP and Chief Accounting Officer and has served as executive VP, Business Development and Chief Accounting Officer since January 2014. Kolja Rockov, executive VP and CFO, will be leaving the company to pursue other opportunities. This mutually agreed departure is not related to any disagreement with the company's policies or practices.
August 20, 2015
05:36 EDTLINE, LNCOLegacy Reserves downgraded to Neutral from Buy at UBS
UBS downgraded Legacy Reserve (LGCY) to Neutral after after stress testing upstream MLPs to reflect scenarios in which oil remains depressed and recovery is limited. The firm expects MLPs that are better capitalized, well hedged and less levered to crude oil to outperform. It lowered its price target for shares to $5.50 from $14. UBS coupled the downgrade with an upgrade of Mid-Con Energy (MCEP) to Buy. Other Buy-rated upstream MLPs at the firm are Vanguard Natural (VNR), Memorial Production (MEMP) and Eagle Rock Energy (EROC). Sell-rated names are LINN Energy (LINE) and LinnCo (LNCO).

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