Aera Energy Valued At $2.1B In California Resources Merger

By Renee Hickman (February 7, 2024, 7:52 PM EST) -- California Resources Corp. on Wednesday agreed to buy oil and gas producer company Aera Energy at a $2.1 billion valuation, in a deal the companies say will create California's top oil and gas producer, led by Sullivan & Cromwell LLP and Latham & Watkins LLP, respectively....

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