California Resources Closes Aera Energy Merger for $1.13B
Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
1130BB
Description
California Resources Corp. (CRC) has closed its $1.13 billion all-stock merger with Aera Energy, a joint venture (JV) created by Shell and Exxon Mobil, creating the state’s largest oil producer, the combined company said.
Including debt, the deal, announced in February, is valued at $2.1 billion.