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Linn Energy, LLC Message Board

  • rusty_wallace_fans rusty_wallace_fans Nov 4, 2013 2:08 PM Flag

    how does LINE have impact from LNCO purchase of BRY

    I have followed the merger news for LNCO and BRY all summer. How does this impact LINE at all. LNCO owns shares of LINE as i understand it. However, if LNCO is buying BRY, LINE will have nothing to do with it. Can anyone out there give me a quick summary how these all fit together. It is almost as if LNCO will now be directly in the production business instead of just owning part of LINE. Thanks.

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    • LNCO is a wholly owned subsidiary of LINE, and was created for the purpose of these types of acquisitions. Each share of LNCO is supported by a share of LINE, which is how they each pay the same amount of dividend (return). While the acquisition is LNCO shares for BRY shares, the assets of BRY will immediately be moved over to LINE upon completion of the deal. In the most basic of terms, LNCO was created to be a middle man between LINE and whichever company it is acquiring through all-stock acquisitions.

      Sentiment: Buy

      • 1 Reply to rlp2451
      • the small investor allways gets screwed first they dive down line (call me paranoid ) then they give bry 2 quarters to go balls to the wall to boost production now they want more for bry while line investors get screwed first by hedgeye and the sec now by huge hedge funds its a tough business and it isn't for the sqeemish

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