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Linn Energy to pay $600 mln more for Berry Petroleum

Monday, 4 Nov 2013 | 7:14 AM ET

Nov 4 (Reuters) - U.S. oil and gas producer Linn Energy LLC raised its purchase price for Berry Petroleum Co by $600 million to $4.9 billion, the two companies said in a joint statement.

Under the new deal, Berry shareholders will receive 1.68 shares of LinnCo LLC, a company set up by Linn to raise money for acquisitions and other purposes, higher than the original offer of 1.25 shares.

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