Berry Stockholders Approve Combination with California Resources Corporation

Reuters12-16
Berry Stockholders Approve Combination with California Resources Corporation

Berry Corporation stockholders have approved the company's combination with California Resources Corporation $(CRC)$. At a special meeting, approximately 73% of Berry's outstanding shares and about 98% of shares voted were in favor of the deal. Under the terms of the agreement, Berry stockholders will receive 0.0718 shares of CRC common stock for each share of Berry common stock they own. The transaction is expected to close on December 18.

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