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A&D - Paulson holds Callon to the fire to nix $3.2B Carrizo buy - October 2019
Hedge fund Paulson & Co. intensified its call for Permian pure-play Callon Petroleum to back out of its $3.2 billion stock-and-debt acquisition of Carrizo Oil & Gas and consider selling itself instead. After initially voicing opposition to the deal in a Sept. 9 letter to Callon’s board, the 9.5% stakeholder, owned by billionaire John Paulson, sent a follow-up missive on Oct. 22 further articulating reasons why it considers the transaction “destructive.” For its part,......
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