LINN Energy LLC (Nasdaq:LINE), LinnCo LLC (Nasdaq:LNCO), and Berry Petroleum Co. (NYSE:BRY) report that the unitholders and shareholders of the three entities have approved the previously announced merger and related transactions between the companies. The transaction is anticipated to close on Dec. 16.
LINN Energy acquires, develops and maximizes cash flow from a growing portfolio of long-life oil and natural gas assets. It has approximately 4.8 tcfe of proved reserves in producing US basins.
LinnCo was created to enhance LINN Energy's ability to raise additional equity capital to execute on its acquisition and growth strategy.
Berry Petroleum is a publicly traded independent oil and natural gas production and exploitation company with operations in California, Texas, Utah, and Colorado.