APA Corporation strikes $4.5bn deal to acquire Callon Petroleum to expand its Permian Basin footprint

APA Corporation strikes $4.5bn deal to acquire Callon Petroleum to expand its Permian Basin footprint

APA Corporation (NASDAQ: APA) and Callon Petroleum Company (NYSE: CPE) have announced a definitive agreement that marks a significant shift in the energy industry. In an all-stock transaction valued at approximately $4.5 billion, including Callon’s net debt, APA Corporation is set to acquire Callon Petroleum. This strategic move is expected to bring about a transformative […]