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California Resources Corporation Completes Combination with Aera Energy - Mon, 07/01/2024 - 08:00
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California Resources Corporation Completes Combination with Aera Energy July 1, 2024 PDF Version Creates the Leading Energy Producer and Carbon Management Solutions Provider in CaliforniaLONG BEACH, Calif.--(BUSINESS WIRE)-- California Resources Corporation (NYSE: CRC) announced today the completion of the all-stock combination with Aera Energy, LLC (Aera). The issuance of shares was approved by CRC shareholders at a special meeting held on June 26, 2024, where CRC shareholders voted in favor of the stock issuance necessary for the closing of the combination of CRC and Aera.“We are very pleased to welcome Aera’s team with decades of experience and a track record of successful, safe and environmentally sound operations into CRC,” said Francisco Leon, CRC’s President and Chief Executive Officer. “I want to thank the CRC and ...
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