Linn Energy LLC (NASDAQ:LINE), along with its former unit LinnCo LLC (NASDAQ:LNCO)), disclosed that both companies are the subject of an informal U.S. Securities and Exchange Commission inquiry, related in part to LinnCo's proposed merger with Berry Petroleum Company (NYSE:BRY).
Linn Energy and LinnCo Cooperating Fully With the SEC
Linn Energy LLC (NASDAQ:LINE) / LinnCo LLC (NASDAQ:LNCO) announced that the SEC had launched an informal inquiry into its business. The issues being examined include the proposed merger with Berry Petroleum Company (NYSE:BRY), certain non-GAAP financial performance metrics, and the company's hedging policy.
In RBC Capital's opinion, there are two key take-aways worth noting. First, the SEC...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
