CPE stock is up nearly 7% today ahead of a crunch shareholder vote over Callon Petroleum’s (NYSE:CPE) proposed takeover of Carrizo Oil & Gas Inc (NYSE:CRZO).
CPE Stock Down 40% Since Deal was AnnouncedThe takeover has been hotly disputed by a group of rebellious investors led by billionaire John Paulson, whose hedge fund Paulson & Co holds a 9.5% stake in Callon. Last month, Paulson wrote to Callon’s management arguing his case for why the company should abandon its planned $3.2 billion acquisition of Carrizo. Since the deal was first announced, CPE stock has dropped ...
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