Linn Energy Inc.
Description
LINN Energy Inc. is amending the terms of its cash tender offer to increase the price at which it will purchase shares of its Class A common stock to $48.00 per share from $44.00 per share. The maximum aggregate size of the tender offer remains unchanged at approximately $325 million. As a result, the number of shares the company is offering to purchase in the tender offer has decreased to 6,770,833 shares from 7,386,364 shares, and represents approximately 8.1% of the company's currently outstanding Class A common stock.