|[February 21, 2013]
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Berry Petroleum Co. in Connection with the Sale of the Company to Linn Energy LLC Affiliate
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of Berry
Petroleum Co. ("Berry" or the "Company") (NYSE: BRY) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to an affiliate of Linn Energy
LLC ("Linn") (NasdaqGS: LINE).
Click here to learn how to join the action: http://zlk.9nl.com/berry-petroleum-bry/,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Berry shareholders will receive 1.25
shares of LinnCo, LLC (Nasdaq: LNCO) stock for each share of Berry stock
they own, representing a value of approximtely $46.24 per share. The
transaction has a total approximate value of $4.3 billion, including the
assumption of debt. Upon completion of the merger, LinnCo will
contribute the Berry assets to Linn in exchange for Linn units. The
investigation concerns whether the Berry Board of Directors breached
their fiduciary duties to stockholders by failing to adequately shop the
Company before entering into this transaction. At least one analyst set
a price target for Berry stock at $50.00 per share.
If you own common stock in Berry and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/berry-petroleum-bry/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and
shareholder lawsuits. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as lead
counsel on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf of
investors. For more information, please feel free to contact any of the
attorneys listed below. Attorney advertising. Prior results do not
guarantee similar outcomes.
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