On Monday, Shares of Linn Energy, LLC (NASDAQ:LINE), lost -18.81% to $3.28, hitting its lowest level.
Linn Energy and LinnCo, LLC (LNCO) declared monthly distributions and dividends, respectively.
LINN Energy, LLC declared a monthly cash distribution of $0.1042 per unit, or $1.25 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable August 18, 2015, to unitholders of record as of the close of business on August 13, 2015.
LinnCo, LLC declared a monthly cash dividend of $0.1042 per common share, or $1.25 per share on an annualized basis, for all of its outstanding common shares. The dividend will be payable August 19, 2015, to shareholders of record as of the close of business on August 13, 2015.
As formerly declared, LINN Energy’s administration intends to recommend to its Board of Directors that it suspend LINN Energy’s distribution, and subsequently LinnCo’s dividend, at the end of the third quarter of 2015.
Linn Energy, LLC, an independent oil and natural gas company, acquires and develops oil and natural gas properties in the Unites States. Its properties are located in the Rockies, the Hugoton Basin, California, east Texas and north Louisiana, the Mid-Continent, the Permian Basin, Michigan/Illinois, and south Texas.
Shares of Coca-Cola Enterprises Inc. (NYSE:CCE), declined -4.37% to $48.85, during its last trading session.
Coca-Cola Enterprises Board of Directors declared a regular quarterly dividend of 28 cents per share. The dividend is payable September 17, 2015 to shareowners of record on September 4, 2015.
Coca-Cola Enterprises, Inc. produces, distributes, and markets non-alcoholic beverages in Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, and Sweden.
Finally, SUPERVALU Inc. (NYSE:SVU), ended its last trade with 1.52% gain, and closed at $9.36.
SUPERVALU declared that it is exploring a separation of its Save-A-Lot business, and that as part of that process it has begun preparations to allow for a possible spin-off of Save-A-Lot into a stand-alone, publicly traded company.
No specific timetable for a separation has been set and there can be no assurance that a separation of Save-A-Lot will be accomplished or that any other change in the Company’s overall structure or business model will occur.
SUPERVALU has engaged Barclays and Greenhill to serve as financial advisors, and Wachtell, Lipton, Rosen and Katz as legal advisor, in connection with this possible separation.
SUPERVALU INC., together with its auxiliaries, operates as a grocery wholesaler and retailer in the United States. The company operates through three segments: Independent Business, Save-A-Lot, and Retail Food. The Independent Business segment offers wholesale distribution of various food and non-food products to independent retail customers, such as single and multiple grocery store independent operators, regional chains, and the military.
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