Linn's Tax Work-Around In $4B Berry Buy Could Catch On

Law360, New York (March 5, 2013, 7:07 PM EST) -- Linn Energy LLC used a fundraising vehicle as the basis for its nifty tax-free acquisition of Berry Petroleum Co. last month, debuting a model experts say could catch on in one of the energy mergers and acquisitions market’s busiest corners.

Linn Energy, a limited liability corporation that functions for tax purposes as a master limited partnership, is the granddaddy of all upstream MLPs, with a market capitalization of nearly $9 billion and 1.8 million acres of gas acreage across the U.S. Like most of its peers,...
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