M&A
confidence high
sentiment positive
materiality 0.75
APA shareholders approve stock issuance for Callon Petroleum merger; close expected April 1
APA Corp
- Shareholders voted 226.0M for, 2.0M against, and 2.4M abstentions at March 27 special meeting.
- Record date for the special meeting was February 15, 2024.
- Merger agreement (Jan 3, 2024) is expected to close April 1, 2024, subject to customary closing conditions.
- No adjournment motion was needed because votes were sufficient to approve the issuance proposal.