The Securities and Exchange Commission’s recent inquiry into Linn Energy LLC (NASDAQ:LINE) could delay its acquisition of Berry Petroleum Company (NYSE:BRY)’s deal, RBC Capital Markets feels.
The SEC’s recent inquiry could also increase share exchange ratio for acquiring Berry Petroleum Company (NYSE:BRY), according to analysts at RBC Capital Markets in their recent equity research report.
Earlier, 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).
John Ragozzino...
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