|Bid||0.00 x 1800|
|Ask||0.00 x 900|
|Day's Range||7.72 - 8.33|
|52 Week Range||6.15 - 10.26|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||1.20|
|Earnings Date||Aug 05, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") affirmed Callon Petroleum Company's (Callon) ratings, including its B1 Corporate Family Rating (CFR), B1-PD Probability of Default Rating (PDR) and B2 ratings on the four issues of senior unsecured notes. The outlook is stable.
The all-stock deal originally was valued at $3.2 billion, including debt, when it was announced in July. The companies revised the terms after a vocal opponent said it was voting against the deal.
Callon Petroleum Company (NYSE: CPE) ("Callon") and Carrizo Oil & Gas, Inc. (NASDAQ: CRZO) ("Carrizo") today announced that both companies' common shareholders voted to approve all proposals necessary for the parties' pending all-stock transaction at today's respective special meetings held by each company. The merger is expected to close by end of business today, December 20, 2019. Under the terms of the merger agreement, Carrizo shareholders will receive 1.75 shares of Callon common stock for each share of Carrizo common stock they own.