Linn Energy (LINE -2%) says its Linn Co. unit filed plans for an IPO of up to $1B in common...

|About: Linn Energy, LLC (LINEQ)|By:, SA News Editor

Linn Energy (LINE -2%) says its Linn Co. unit filed plans for an IPO of up to $1B in common stock; proceeds would be used for general corporate purposes, including financing its acquisition strategy, LINE says. The company has been on a buying spree, including today's acquisition of Jonah Field properties from BP for ~$1B.