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Today 5d 1m 3m 1y 5y 10y CALLON AND CARRIZO URGE SHAREHOLDERS TO VOTE "FOR" THE TRANSACTION HOUSTON, Nov. 20, 2019 /PRNewswire/ — Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") and Carrizo Oil & Gas, Inc. (NASDAQ: CRZO) ("Carrizo") today announced that proxy advisory firm Institutional Shareholder Services ("ISS"), upon review of Callon’s revised offer, now recommends that Callon shareholders vote "FOR" the acquisition of Carrizo and related proposals, as put forth in the proxy supplement filed on November 18, 2019. Additionally, ISS maintained its recommendation that Carrizo common shareholders vote "FOR" the acquisition by Callon. In its updated report regarding Callon, dated November 19, 2019, ISS stated, "Given the material improvement in terms, along with the strategic rationale for the merger, as noted in our original analysis, support FOR the transaction is now warranted." 1 Joe Gatto, President and Chief Executive Officer of Callon, stated, "We are pleased that ISS recognizes the strategic merits and financial benefits of the transaction with Carrizo and supports our Board’s unanimous recommendation that shareholders vote ‘FOR’ the transaction. Combining with Carrizo will accelerate our strategy and strengthen Callon’s positioning in the evolving industry landscape, creating a leading oil and gas […]
