Linn Energy shares down 25% after bankruptcy news
Linn Energy LLC shares fell more than 25% late Wednesday after news the company has filed for Chapter 11 bankruptcy protection to implement a debt restructuring. Linn shares had been halted earlier pending news. The company said it expects normal operations to continue. The stock ended the regular Wednesday session down 2.8%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.