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LINN Energy's units fall below Nasdaq's bid price requirement


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LINN Energy's units fall below Nasdaq's bid price requirement

LINN EnergyLLC's units representing limited liability company interests closedbelow Nasdaq's $1-per-unit minimum bid price requirement for 30 consecutivebusiness days, according to the company's Form 8-K filed April 28.

Nasdaq's listing qualifications department has notified LINNthat to regain compliance, the company has 180 days, or until Oct. 23, for thebid price of its units to close at a minimum of $1 per unit for at least 10consecutive business days, the filing said.

LINN said it will consider available options to regaincompliance with the listing requirements.

The notice will not have an immediate impact on LINN'slisting or trading of units and the company will continue to trade on Nasdaq.