Berry stockholders approve merger with CRC; each Berry share exchanged for 0.0718 shares of CRC stock.
On December 15, 2025, Berry Corporation (bry) (NASDAQ: BRY) revealed that its Special Meeting of Stockholders had taken place, with shareholders voting in favor of merging with California Resources Corporation (“CRC”) (NYSE: CRC). The merger agreement specifies that Berry stockholders will receive 0.0718 shares of CRC common stock for each Berry common stock share they hold. This consolidation marks a significant development in the market, with the exchange ratio established for the transaction capturing investor interest as both companies move towards finalizing this strategic move.
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