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4-Traders Homepage  >  Shares  >  Nasdaq  >  Linn Energy LLC    LINE

Delayed Quote. Delayed  - 07/29 11:41:03 am
6.06 USD   +5.39%
07/09 LINN ENERGY LLC : ex-dividend day
07/07 LINN ENERGY : To Sell 6,400 Net Acres In Texas And New Mexico For US..
06/09 LINN ENERGY LLC : ex-dividend day
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LINN ENERGY : Entry into a Material Definitive Agreement (form 8-K)

07/09/2015 | 04:50pm US/Eastern

Item 1.01. Entry into a Material Definitive Agreement. On July 2, 2015, Linn Energy, LLC (the "Company"), through certain of its wholly-owned subsidiaries, entered into a definitive purchase and sale agreement (the "Purchase and Sale Agreement") to sell its remaining position in Howard County in the Permian Basin for a contract price of approximately $281 million (the "Divestiture"). The Divestiture is expected to close in the third quarter 2015 with an effective date of May 1, 2015. The transaction is subject to satisfactory completion of title and environmental due diligence, as well as the satisfaction of closing conditions. There can be no assurance that all of the conditions to closing the Divestiture will be satisfied. The foregoing description of the Purchase and Sale Agreement does not purport to be complete and is qualified in its entirety by reference to the Purchase and Sale Agreement, a copy of which will be filed with the Company's Quarterly Report on Form 10-Q for the three months ended June 30, 2015. A copy of the press release announcing the Divestiture is attached hereto as Exhibit 99.1. Item 9.01. Financial Statements and Exhibits. (d) Exhibit.


  99.1   Press Release of Linn Energy, LLC dated July 6, 2015.




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