M&A
confidence high
sentiment positive
materiality 0.75
CRC shareholders approve share issuance for Aera Energy acquisition at special meeting
California Resources Corp
- Special meeting held June 26, 2024; 64,284,719 shares represented, quorum achieved.
- 63,972,219 votes FOR, 225,808 AGAINST, 86,692 abstentions; no broker non-votes.
- Approval covers issuance of common stock under NYSE rules for Aera Energy merger.
- Adjournment proposal deemed unnecessary; meeting proceeded to conclusion.
- Acquisition of Aera Energy LLC and Aera Energy Services Company pending closing.