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Linn Energy spends $2.5 billion to acquire Berry Petroleum

Linn Energy will spend about $2.5 billion in stock to acquire Berry Petroleum. Linn expects the transaction to expand its foothold in California, the Rockies and the Permian Basin and lead to a 30% increase in production.

The Charlotte Observer (N.C.) (tiered subscription model)/The Associated Press (2/21)

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