Callon Petroleum to buy Carrizo Oil & Gas in $3.2-bn deal

Callon Petroleum to buy Carrizo Oil & Gas in $3.2-bn deal

Carrizo shareholders will receive 2.05 Callon shares for each share held, or about $13.12 per Carrizo share based on Callon's closing share price on July 12Reuters  |  July 15, 2019, 16:59 IST
Callon Petroleum to buy Carrizo Oil & Gas in $3.2-bn deal Callon Petroleum will buy Carrizo Oil & Gas Inc in an all-stock deal valued at $3.2 billion, the oil and gas producers said on Monday.

Carrizo shareholders will receive 2.05 Callon shares for each share held, or about $13.12 per Carrizo share based on Callon's closing share price on July 12.

The deal represents a premium of about 25% to Carrizo's closing price on Friday.