Tuesday, June 10, 2025
Callon shareholders approve $750 million deal for shale rival Carrizo- oil and gas 360

Callon shareholders approve $750 million deal for shale rival Carrizo

Reuters U.S. shale producer Callon Petroleum Co on Friday won shareholders’ approval to acquire rival Carrizo Oil & Gas Inc with a reduced stock offer, a month after it won the support of a major dissenting stockholder. The deal was worth about $750 million on Friday, based on the latest offer of 1.75 Callon shares, down from 2.05 shares previously,