APA to Buy Callon Petroleum in $4.5 Billion Deal
APA is set to acquire Callon Petroleum in a stock-swap deal worth $4.5 billion, encompassing debt.
APA will issue 1.0425 shares valued at $38.31 (based on Wednesday’s $36.75 closing price) for each Callon share, presenting a nearly 14% premium on Callon’s closing price. This move marks ongoing consolidation within the energy sector.
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