CPE stock is in the green on Friday after Callon Petroleum (NYSE:CPE) slashed its takeover deal of Carrizo Oil & Gas (NASDAQ:CRZO) in a last-ditch attempt to get the takeover over the line.
CPE Stock Down 40%Callon Petroleum has been involved in a hotly disputed attempted takeover of the rival shale firm, with a group of its own investors led by major shareholder John Paulson and proxy advisory firms Glass Lewis & Co and Institutional Shareholder Services opposing the deal and instead arguing that the company should place itself on the market. A shareholder vote ...
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