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| [March 07, 2013] |
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Law Office of Brodsky & Smith, LLC Announces Investigation of Berry Petroleum Co.
BALA CYNWYD, Pa. --(Business Wire)--
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Berry Petroleum Co.
("Berry Petroleum" or the "Company") (NYSE: BRY) relating to the
proposed acquisition by an affiliate of Linn Energy LLC ("Linn Energy").
Under the terms of the transaction, Berry Petroleum shareholders will
receive only $46.24 in cash for each share of Berry Petroleum stock they
own. The investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Berry
Petroleum for not acting in the Company's shareholders' best interests
in connection with the sale proces to Linn Energy. The transaction may
undervalue the Company and will result in a loss for many long term
shareholders. For example Berry Petroleum stock traded at $55.74 as
recently as February 28, 2012 and $60.24 on July 25, 2011. In addition,
an analyst has set a $50.00 per share price target for Berry Petroleum
stock.
If you own shares of Berry Petroleum stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions, you
may e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your questions. You
may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at
Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004,
by e-mail at investorrelations@brodsky-smith.com
visiting http://brodsky-smith.com/544-bry-berry-petroleum-co.html,
by calling toll free 877-LEGAL-90.

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