Linn Energy (LINE) Announces $100M Buyback
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Linn Energy, LLC (Nasdaq: LINE) announced today that its Board of Directors has authorized the repurchase of up to $100 million of the Company's outstanding units. The Company may purchase units from time to time on the open market or in negotiated purchases.
CEO Michael C. Linn said, "The Board's authorization of the unit repurchase program reflects its confidence in Linn Energy's business and its belief that our units are significantly undervalued."
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