Accounting fraud and accounting methods are two different things. KPMG has rose any flags about the accounting, nor did the SEC when they were performing due diligence for the LINCO IPO. I anticipate that this is the result of some powerful, highly vested Berry shareholders who have an axe to grind with LINN.
$30 a share, so I am not sure why this thing is getting so slaughtered. Probably just an opportunity for Wall Street, Barron's, SEC to take a few more crumbs before it goes back up...as it will, regardless of the deal or not.