Cases
Carrizo Oil & Gas, Inc.
Merger
Overview
Overview
- Date:
- 7/15/2019
- Case Caption:
- Barucic v. Carrizo Oil & Gas, Inc., et al.
- Stock Symbol:
- CRZO
- Company Name - Buyer:
- Callon Petroleum Company
- Stock Symbol - Buyer:
- CPE
- Status:
- Filed
- Merger Announcement Date:
- 7/15/2019
- Filing Date:
- 9/10/2019
- Court:
- U.S. District Court: Southern District of New York
Pursuant to the proposed transaction, announced on July 15, 2019 and valued at $3.2 billion, Carrizo shareholders will receive 2.05 shares of Callon common stock for every share of Carrizo common stock owned. The investigation focuses on whether Carrizo and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.