Free Submission Public Relations &
Deutsch English

Energy & Environment

(HL: 72/HEADCHECK): Now Available: LINN Energy to Acquire Berry Petroleum for US$4.3 Billion

Print article Print article
2013-03-29 10:18:17 - Acquisition to Increase LINN Energy's Proved Reserves by 34% and Production by 30% - Deal Analysis from GlobalData

LINN Energy, LLC (LINN Energy) has agreed to acquire Berry Petroleum Company (Berry Petroleum) for a purchase consideration of US$4,300 MM, including the assumption of US$1,800 MM in debt or US$46.24 per share, in an all stock transaction. The transaction is expected to be tax-free for Berry's shareholders. The offer price represents a premium of 19.8% to Berry's closing price of US$38.59 on February 20, 2013 and a premium of 23.1% to Berry's one month average price at that date. Citigroup Global Market Inc. is acting as financial advisor to LinnCo. Latham & Watkins LLP is acting as legal advisor to LINN Energy and LinnCo. Credit Suisse Securities (USA) LLC is acting as financial advisor, while Wachtell, Lipton, Rosen &

Katz is acting as legal advisor to Berry Petroleum in the transaction. The transaction is expected to be completed by June 30, 2013, subject to the approval of the shareholders of Berry Petroleum and LinnCo and the unit holders of LINN Energy, as well as customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

Full Report Details at
- ..


* The report highlights the rationale behind LINN Energy's plan to acquire Berry Petroleum Company
* The report also provides information on key assets and operations of Berry Petroleum Company.
* Geography Covered- US

Reasons to buy

* To understand the strategic intent behind LINN Energy's planned acquisition of Berry Petroleum Company
* To know about Berry Petroleum Company's assets and operations in the US

Report Table of Contents:

1 Table of Contents
1 Table of Contents
1.1 List of Tables
1.2 List of Figures
2 LINN Energy To Acquire Berry Petroleum For US$4.3 Billion
2.1 Deal Overview
2.2 Deal in Brief
2.3 The Acquisition of Berry Petroleum will Increase LINN Energy's Proved Reserves by 34%
2.4 The Acquisition of Berry Petroleum will Enable LINN Energy to Expand its Geographic Presence in California, Texas and Utah
2.5 The Acquisition will Result in Increasing Value for Berry's Shareholders
2.6 Deal Financials and Valuations
3 Appendix
3.1 Abbreviations
3.2 Sources
3.3 Methodology
3.4 Contact Us
3.5 Disclaimer

List of Tables

1.1 List of Tables
Table 1: LINN Energy, Asset Transactions, 2012 to Present
Table 2: Companies Involved
Table 3: Financials of the Deal
Table 4: Advisor Information
Table 5: Target Information
Table 6: Target's Financial Information
Table 7: Share Price Information
Table 8: Company Valuation Multiples
Table 9: Target's Production and Reserves Information
Table 10: Company Valuation Multiples
Table 11: Company Reserve Life Index
Table 12: Commodity Prices in US$, Last Close
Table 13: Acquirer Information

List of Figures

1.2 List of Figures
Figure 1: LINN Energy, Expected Change in Proved Reserves Due to the Acquisition of Berry Petroleum (bcfe), 2013
Figure 2: LINN Energy, Expected Change in Production Due to Acquisition of Berry Petroleum (mmcfd), 2013
Figure 3: Berry Petroleum, Distribution of Proved Reserves 2012
Figure 4: Berry Petroleum, California Assets, 2013
Figure 5: Berry Petroleum, Permian Basin Assets, 2013
Figure 6: Berry Petroleum, Utah Assets, 2013
Figure 7: Berry Petroleum, Increase in Stock Price After Announcement of Acquisition, February 7, 2013-March 6, 2013

About GlobalData

GlobalData is a leading provider of global business intelligence including market, competitor, product and customer information. It provides in-depth research, analysis, data and forecasts through a range of interactive online databases, reports and management briefings. GlobalData has a large team of experienced research and analysis, consulting, and marketing experts. It has a global presence, including key offices in the US, Europe and Asia. The group has over 50 years of experience of delivering market intelligence data and analysis and a highly experienced senior management team. View more research from GlobalData at

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

Bill Thompson
Phone: 18008448156

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News


Terms & Conditions | Privacy | About us | Contact