What your failing to recognize is that as part of the Cpt 11, Linn made an offer of exchange on units of stock!
HOUSTON, May 24, 2016 (GLOBE NEWSWIRE) -- LinnCo, LLC (OTC:LNCOQ) (“LinnCo”) today announced that it has extended the subsequent offering period in connection with its offer to exchange each outstanding unit of LINN Energy, LLC (LINE) (“LINN”) for one LinnCo share (the “Exchange Offer”) upon the terms and conditions of the Prospectus/Offer to Exchange dated April 26, 2016
That every BK company I've seen precedes with this type of verbiage:
"Stone has retained Lazard as its financial advisor and Latham & Watkins LLP as its legal advisor to assist the Company in analyzing and considering financial, transactional and strategic alternatives."
Financial, transactional and strategic alternatives = BK