Bala Cynwyd, Pennsylvania--(Newsfile Corp. - January 4, 2024) - Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Callon Petroleum Company ("Callon Petroleum" or the "Company") (NYSE: CPE) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to APA Corporation ("APA") (NASDAQ: APA). Under the terms of the agreement, each share of Callon Petroleum common stock will be exchanged for a fixed ratio of 1.0425 shares of APA common stock in a deal valued at $4.5 billion.
The investigation concerns whether the Callon Petroleum Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether APA is paying fair value to shareholders of the Company.
If you own shares of Callon Petroleum stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, visit https://www.brodskysmith.com/cases/callon-petroleum-company-nyse-cpe/, or call toll free 855-576-4847.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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