CRC to Buy Berry Corp, Doubling Down on Kern County Scale [Yahoo! Finance]
Berry Corporation (bry) (BRY)
Last berry corporation (bry) earnings: 2/26 09:07 pm
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Source: Yahoo! Finance
The Long Beach-based producer, which bought Aera Energy last year to become California's largest oil operator, plans to acquire Dallas-based Berry Corp. in an all-stock deal valued at $717 million. Berry shareholders would receive 0.0718 CRC shares for each BRY share, a 15% premium to the Sept. 12 close. Boards on both sides approved the merger. It still needs Berry shareholder and regulatory approvals and could close in the first quarter of 2026. CRC would run the combined company from Long Beach. After the announcement, CRC rose 6% to $56.34. Berry jumped 21% to $4.01. The deal caps a sharp turnaround for CRC. The company exited a brief 2020 bankruptcy with $5 billion of debt erased, restored profitability, and in 2024 closed its $2.1 billion all-stock purchase of Aera. Now Berry adds more scale where CRC is strongest. CEO Francisco Leon called the fit “compelling,” noting Berry's roughly 20,000 barrels per day of Brent-linked California production and roughly 20,000 mostly adjace
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BRY
News
- Berry Corporation Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Berry Corporation - BRYBusiness Wire
- Berry (NASDAQ:BRY) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- Berry (NASDAQ:BRY) was downgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "hold (c-)" rating to a "sell (d)" rating.MarketBeat
- Berry Corporation Announces Third Quarter 2025 Financial and Operational Results, Continued Debt Reduction and Quarterly DividendGlobeNewswire
- Berry (NASDAQ:BRY) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
BRY
Earnings
- 11/5/25 - Miss
BRY
Sec Filings
- 11/12/25 - Form 425
- 11/12/25 - Form 425
- 11/12/25 - Form 8-K
- BRY's page on the SEC website