Houston energy cos. close acquisition after updating deal terms

Houston-based Callon Petroleum Co. (NYSE: CPE) completed its acquisition of Carrizo Oil & Gas Inc. (Nasdaq: CRZO) on Dec. 20, the same day that shareholders approved the revised deal terms.

Carrizo common stock will no longer be listed on the Nasdaq after markets close Dec. 20, according to a press release.

Under the new terms of the deal, Carrizo shareholders will receive 1.75 shares of Callon common stock for each share of Carrizo common stock they own, down from an exchange ratio of 2.05 Callon…

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