CPE stock has been bolstered by shareholders of Callon Petroleum Co (NYSE:CPE) opposing to its proposed takeover of Carrizo Oil & Gas Inc (NYSE:CRZO).
CPE Stock Declining Since Deal was AnnouncedBillionaire investor John Paulson, whose hedge fund Paulson & Co holds a 9.5% stake in Callon, has written to the company’s management outlining why he believes the company should drop its plans for a proposed $3.2 billion acquisition of Carrizo. Paulson cites the 36% decline in CPE shares since the deal was announced, which has seen investors lose about $530 million USD, adding that Carrizo’s ...
Read The Full Article On MicroSmallCap.com
Get early insight on hidden secret gems on MicroSmallCap. Follow Crypto, Mining, Cannabis and Energy stocks and get free research reports here.
All content provided by MicroSmallCap is subject to our Terms Of Use and Disclaimer.