i have owned LINE for a number of years and started buying it at $23.00. i now have 3000 shares. what will happen to my LINE shares now ? Will I receive LNCO for my LINE. I am confused please help me figure all this out.
It sounds like according to Bloomberg the total allotment was sold out before the market opened at $36.50 and it raised 1.1 billion. Also for those that don't read, LNCO will use the money to buy 17% of LINN, becoming LINN's largest shareholder, to pay down debt. Which is good, although earnings from that debt is accretive.