Fernando Araujo

Money Moves

Stepped down at close: Berry disclosed he ceased serving as an officer effective the merger effective time.

The CRC–Berry all-stock combination is now in the paperwork-and-plumbing phase. CRC's post-close 8-K confirms Berry is a wholly owned subsidiary and discloses an amendment raising CRC's elected credit-facility commitments to $1.46 billion. CRC has 71 days to publish pro forma financials for the combined company.

Updated May 15