APA supplements proxy for Callon merger; stockholders filed 5 lawsuits over disclosures

APA Corp

APA received 2 demand letters; Callon received 13 demand letters and 5 complaints alleging proxy disclosure deficiencies.
APA voluntarily supplements proxy with details: RBCCM fee $13M ($2.5M paid, balance contingent on closing).
No third-party acquisition interest in Callon since merger announcement (Jan 4 – Mar 15, 2024).
Callon Board ratified merger on March 15, 2024; stockholder vote scheduled for March 27, 2024.
APA's Dec. 26 proposal included $50M/year synergies, $95M Callon termination fee, $115M APA fee.

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