LINN Energy (LINE) announced today that LinnCo (LNCO), a wholly-owned subsidiary of LINN, has commenced an initial public offering of 30,250,000 common shares representing limited liability company interests in LinnCo. Barclays, Citigroup, RBC Capital Markets, Wells Fargo Securities, BofA Merrill Lynch, Credit Suisse, Raymond James and UBS Investment Bank will act as the joint book-running managers in the transaction. Goldman, Sachs & Co., and J.P. Morgan, will act as senior co-managers in the transaction. Baird, BMO Capital Markets, Credit Agricole CIB, CIBC, Scotiabank / Howard Weil and Mitsubishi UFJ Securities will act as the co-managers in the transaction.
Here's a list of CEO "underachievers" -- those whose stocks have done the worst since the beginning of each CEO's …