Berry Petroleum Co. (BRY: Quote) announced Thursday morning that it agreed to be acquired by LINN Energy (LINE: Quote) and LinnCo LLC (LNCO) for $4.3 billion in a stock-for-stock merger.
Berry Petroleum has gapped open dramatically higher Thursday and is now up 7.92 at $46.51 on above average volume. The stock has jumped to over a 10-month high.
by RTT Staff Writer
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