The Securities and Exchange Commission’s recent inquiry into Linn Energy LLC (NASDAQ:LINE) could delay its acquisition of Berry Petroleum Company (NYSE:BRY)’s deal, RBC Capital Markets feels. The SEC’s recent inquiry could also increase share exchange ratio for acquiring Berry Petroleum Company (NYSE:BRY), according to analysts at RBC Capital Markets in their recent equity research report. Earlier, Linn Energy LLC (NASDAQ:LINE), along with its former unit LinnCo LLC (NASDAQ:LNCO), disclosed that both companies are the subject of an informal U.S. Securities and Exchange Commission inquiry, related in part to LinnCo’s proposed merger with Berry Petroleum Company (NYSE:BRY). John Ragozzino and team at RBC…
SEC’s Linn Energy Inquiry Could Delay Berry Petroleum Deal
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports