I got an email from my brokerage last Friday to decide if I want to swap my LINE shares for LNCO shares. I was scanning this and LNCO message boards and was very surprised there haven't been much discussion about it. I think Linn will go bankrupt soon and LNCO will be worthless too. I don't quite understand why this was offered to LINE holders. Can someone explain to me why I should or should not swap? Thanks.
"LinnCo, LLC (LinnCo) is offering to exchange on a one for one basis, any and all outstanding Linn Energy, LLC units representing limited liability interests in Linn Energy, LLC (LINN Energy)(symbol: LINE) for LinnCo common shares representing limited liability company interests in LinnCo (symbol: LNCO)."