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Reverse mergers defined

Texas entrepreneurs may have heard of the concept of the reverse merger before but might be confused on the details. A reverse merger is the acquisition by a privately held company of a publicly traded one that is currently dormant in most situations. This public company is known as a shell company, due to the[...]
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Linn and Berry approve merger deal

Houston-based Linn Energy and LinnCo LLC have received approval to acquire Denver-based Berry Petroleum Co. The proposed acquisition was originally made public in February and was expected to close June 30, but a revised offer increased the acquisition price by $600 million. Shareholders and unitholders approved the deal and the companies said the transaction was[...]
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