Why APA (APA) & Callon Petroleum (CPE) Shares Are Moving In Opposite Direction On Merger Deal - APA...

Published on 4 Jan 2024 on Benzinga

APA Corp APA and Callon Petroleum Company CPE shares are moving in opposite directions after the companies inked a merger deal.

In particular, APA will acquire CPE in an all-stock transaction valued at about $4.5 billion (including CPE's debt).

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