Callon Slashes Carrizo Deal In Bid To Gain Investor Support

Law360 (November 14, 2019, 5:13 PM EST) -- Callon Petroleum on Thursday slashed the value of its anticipated all-stock takeover of Carrizo Oil & Gas and delayed a shareholder vote on the transaction in hopes of drumming up greater shareholder support for the deal. 

The new deal terms announced by Callon Petroleum Co. and Carrizo Oil & Gas Inc. come amid pushback from some investors, including an open letter from Callon shareholder and investment manager Paulson & Co. Inc. that was released in September. 

Callon said it now plans to swap each Carrizo share for 1.75 shares of Callon common stock, compared to the 2.05 Callon shares per Carrizo...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!