Linn Energy To Sell 6M Units In Public Offering
Stock quotes in this article:
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HOUSTON (AP) Linn Energy LLC on Tuesday said it plans a public offering of 6 million units of its limited liability company.
The natural gas and oil producer granted the underwriters a 30-day option to purchase up to an additional 900,000 units. Proceeds from the offering are expected to be used for the repayment of debt. Linn shares closed up 39 cents at $23.14. In aftermarket electronic trading following the announcement, shares lost $1.16, or 5 percent, to $21.98.- Loading Comments...
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