HOUSTON, Oct. 11, 2012 (GLOBE NEWSWIRE) -- LINN Energy, LLC (Nasdaq:LINE) ("LINN") announced today the pricing of the initial public offering of 30,250,000 common shares of LinnCo, LLC (Nasdaq:LNCO) ("LinnCo"), a wholly-owned subsidiary of LINN, 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 4,537,500 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.
Barclays, Citigroup, RBC Capital Markets, Wells Fargo Securities, BofA Merrill Lynch, Credit Suisse, Raymond James and UBS Investment Bank are acting as the joint book-running managers in the transaction. Goldman, Sachs & Co and J.P. Morgan are acting as senior co-managers in the transaction. Baird, BMO Capital Markets, Credit Agricole CIB, CIBC, Scotiabank / Howard Weil and Mitsubishi UFJ Securities are acting as the co-managers in the transaction.
This offering of common shares is being made only by means of a prospectus. A written prospectus, which meets the requirements of Section 10 of the Securities Act of 1933, may be obtained through:
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|RBC Capital Markets||Wells Fargo Securities|
|Attn: Equity Syndicate||Attn: Equity Syndicate Dept.|
|Three World Financial Center||375 Park Avenue|
|200 Vesey Street, 8th Floor||New York, NY 10152|
|New York, NY 10281-8098||(800) 326-5897|
|BofA Merrill Lynch||Credit Suisse|
|Attn: Prospectus Department||Attn: Prospectus Department|
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|New York, NY 10038||New York, NY 10010|
|dg.prospectus firstname.lastname@example.org||(800) 221-1037|
|Raymond James||UBS Investment Bank|
|Attn: Equity Syndicate||Attn: Prospectus Department|
|880 Carillon Parkway||299 Park Avenue|
|St. Petersburg, FL 33716||New York, NY 10171|
|(800) 248-8863||(888) 827-7275|
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