New SA Article: Linn Plus Berry: A Shareholder Friendly Deal
Linn Energy unit-holders are going to get a boost in reserves, production, and cash available to distribute. And they get higher dividends. Unit-holders are unlikely to complain.
Berry shareholders are getting a nice capital gain on their BRY shares and a substantial dividend raise from their 32 cents, with their new LNCO shares. They also exchange a share in a company that has been struggling to grow, for owning one that has been growing both production and reserves.