Past year: ▼ 81%(4.50c – 40.8c USD)
Each one in plain English, with the numbers worked through for a shareholder.
29 Oct 2013business combination● Neutral
Sixth amendment to the registration statement for the Berry Petroleum acquisition, dated October 28, 2013. The visible text still shows 1.25 LinnCo shares per Berry share, with meeting dates, record date and share count blank. It adds an 'Index to Financial Statements' marker; the excerpt shows no change to terms, and the ratio changed days later per the November 3 amendment.
22 Oct 2013business combination● Neutral
Fifth amendment to the registration statement for the Berry Petroleum acquisition, dated October 21, 2013. The visible text still shows 1.25 LinnCo shares per Berry share, with meeting dates, record date, share count and latest share price all blank. No change to terms is visible in the excerpt (the terms were changed in a later filing).
18 Sept 2013business combination● Neutral
Fourth amendment to the registration statement for the Berry Petroleum acquisition, dated September 17, 2013. The visible text repeats the same terms (1.25 LinnCo shares per Berry share, fixed ratio, $46.2375 per Berry share at the $36.99 February 20 close). Meeting dates, record date, share count and latest share price are still blank, and the deal still needs votes from Berry stockholders, LinnCo shareholders and Linn unitholders.
9 Aug 2013business combination● Neutral
Third amendment to the registration statement for the Berry Petroleum acquisition, dated August 8, 2013. The visible text repeats the same terms (1.25 LinnCo shares per Berry share), but the record date is now blank again, which suggests (inference) the meeting timetable was being reset. Meeting dates and share counts are still blank, and the deal still needs shareholder votes.
4 June 2013business combination● Neutral
Second amendment to the registration statement for the Berry Petroleum acquisition, dated June 3, 2013. The visible text repeats the same deal terms (1.25 LinnCo shares per Berry share) and the May 13, 2013 record date; meeting dates and share counts are still blank, and no change to terms is visible in the excerpt.
6 May 2013business combination● Neutral
First amendment to the registration statement for the Berry Petroleum acquisition. It repeats the deal terms (1.25 LinnCo shares per Berry share, Berry to be contributed to Linn Energy) and now sets a May 13, 2013 record date for Berry and LinnCo voting. The visible text does not show a change to the terms; meeting dates and share counts are still blank.
22 Mar 2013business combination● NeutralMajor
LinnCo and Linn Energy filed a registration statement for the planned acquisition of Berry Petroleum Company, agreed on February 20, 2013. Berry stockholders would get 1.25 LinnCo shares per Berry share, and LinnCo would then contribute Berry to Linn Energy for new Linn units, at least enough to keep LinnCo at one-third or more of all Linn units. The deal needs approval from Berry stockholders, LinnCo shareholders and Linn unitholders. The filing is incomplete (share counts, dates and meeting details are blank) and the registration fee table implies about 71.6 million LinnCo shares could be registered.
17 Oct 2012bylaws amendment▲ GoodMajor
LinnCo's initial public offering: 30,250,000 shares at $36.50, about $1.1 billion raised, with a further 4,537,500 available to the Barclays-led syndicate. The filing also puts in place the vehicle's amended operating agreement and an omnibus agreement with Linn Energy - LinnCo exists purely to hold Linn Energy units and give ordinary investors a way in without partnership tax paperwork.
11 Oct 2012listing compliance notice▲ GoodMajor
Nasdaq certified LinnCo, LLC's securities for listing, clearing them to begin trading.
