California Resources Corporation to Combine with Aera Energy – IT Business Net itbusinessnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itbusinessnet.com Daily Mail and Mail on Sunday newspapers.
The announced combination between California Resources and Aera Energy comes one year after Exxon and Shell closed the sale of Aera to a German asset manager for $4 billion.
Shares of California Resources Corp. (CRC) are gaining over 7% on Wednesday morning after the U.S. oil and gas firm agreed to buy Aera Energy in an all-stock transaction, in a deal valuing the California-based company at $2.
California Resources Corporation (NYSE: CRC) today announced the signing of a definitive merger agreement to combine with Aera Energy, LLC in an all-stock transaction, the companies announced in a joint
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