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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.
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