Berry Corporation (BRY) announced that, at its Special Meeting of Stockholders held Monday, Berry stockholders voted to approve its combination with California Resources Corporation (CRC). As previously announced, under the terms of the merger agreement, Berry stockholders will receive a fixed exchange ratio of 0.0718 shares of CRC common stock for each share of Berry common stock. According to preliminary results, Berry stockholders approved the transaction with approximately 73% of the total shares outstanding and approximately 98% of the shares voted in support of the combination. The closing of the transaction is expected to occur on December 18.
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