Houston energy cos. agree to new acquisition terms after investor opposition, delay shareholders’ vote

Houston-based Callon Petroleum Co. (NYSE: CPE) and Carrizo Oil & Gas Inc. (Nasdaq: CRZO) announced new terms for their merger agreement on Nov. 14, the same day shareholders were scheduled to vote on the deal.

The change comes about a week after a vocal opponent, New York investment management firm Paulson & Co. Inc., said it was voting against Callon’s acquisition of Carrizo.

The all-stock deal originally was valued at $3.2 billion, including debt, when it was announced in July. The original…


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