LinnCo LLC said April 26 that it completed its offer to exchange each outstanding unit of LINN Energy LLC (NASDAQ: LINE) for one LinnCo share.
The exchange offer expired April 25.
American Stock Transfer & Trust Co., the exchange agent, advised LinnCo. that about 103.9 million LINN units, representing about 29% of the total outstanding LINN units, were tendered.
There is a subsequent offering period begun April 26 that will expire May 23, for LINN unitholders to tender offers and receive the same exchange ratio as under the original offer.
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