logo
Share SHARE
FONT-SIZE Plus   Neg

LinnCo Prices IPO Of 30.25 Mln Shares At $36.50 Per Share - Quick Facts

LINN Energy LLC (LINE) announced the pricing of the initial public offering of 30.25 million common shares of LinnCo LLC (LNCO), a wholly-owned subsidiary of LINN Energy, at $36.50 per common share.

The common shares are expected to begin trading on the NASDAQ Global Select Market on October 12, 2012 under the ticker symbol "LNCO."

The underwriters have the option to purchase up to an additional 4.53 million common shares from LinnCo, at the same price, to cover over-allotments, if any.

The offering is expected to close on or about October 17, 2012, subject to customary closing conditions.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A California man has filed a lawsuit against McDonald's alleging that the fast food giant is defrauding customers by cramming its mozzarella sticks with filler instead of real cheese. Chris Howe is seeking at least $5 million in damages on behalf of consumers in 42 states and the District of Columbia. The... Jeep, the 4x4 vehicles, which has developed a strong bond with its masters, is aggressively on an expansion mode in its 75th anniversary year. Its fans have always been in love with the famous tag "Go Anywhere, Do Anything." Meat products maker Tyson Foods Inc. (TSN) reported a profit for the first-quarter that increased 49% from last year. It raised its profit outlook for fiscal year 2016 ,but it cut its annual sales guidance.
comments powered by Disqus
RELATED NEWS
Trade LINE now with 
Follow RTT