US shale producer Callon Petroleum on Friday won shareholders's approval to acquire rival Carrizo Oil & Gas with a reduced stock offer, a month after it won the support of a major dissenting stockholder. The deal was worth about $750 million on Friday, based on the latest offer of 1.75 Callon shares, down from 2.05 shares previously, for each Carrizo share held. When the revised offer was made last month, the deal was valued at about $723 million, significantly lower than the original offer that had valued Carrizo at about $1.2 billion.
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