Paulson & Co. urges the board and management of Callon Petroleum Company (CPE) to pursue a sale of the Company

POTENTIAL DEAL DETAILS

Paulson & Co. Inc., as manager of funds holding 21.6 million shares, or 9.5% of those outstanding, of Callon Petroleum Company (CPE), today sent a letter to the board of Callon.  The letter informs Callon (CPE) that Paulson plans to vote its shares against the proposed acquisition of Carrizo Oil & Gas Inc. (CRZO) and urges the board and management to pursue a sale of the Company.

Update(s):

November 14, 2019: Callon Petroleum Company (CPE) and Carrizo Oil & Gas, Inc. (CRZO) today announced an amendment to the existing terms of their agreement for Callon to acquire Carrizo in an all-stock transaction.

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