The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:** U.S. oil and gas producer Linn Energy LLC will purchase Berry Petroleum Co for $2.5 billion in stock, raising its output by about a third and boosting its oil reserves in Texas, California, Colorado and Utah.** Business software maker Compuware Corp, which has rejected a $2.3 billion bid by an activist investor, is exploring a sale and talking to takeover firms to gauge takeover interest, four people familiar with the matter said.
Berry Petroleum Company is an independent energy company engaged in the production, development, exploitation and acquisition of oil and natural gas. Shares of BRY traded higher by 19.25% or $7.43/share to $46.02. In the past year, the shares have traded as low as $30.21 and as high as $57.26. On average, 578497 shares of BRY exchange hands on a given day and today's volume is recorded at 10993678.
Linn Energy, LLC (LINN Energy) is an independent oil and natural gas company. Shares of LINE traded higher by 2.81% or $1.03/share to $37.68. In the past year, the shares have traded as low as $34.27 and as high as $42.57. On average, 1718680 shares of LINE exchange hands on a given day and today's volume is recorded at 4054211.
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