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Activist Stakeholder Pushes For Carrizo Sale

by worldoil.com posted 2months ago 11 views
NEW YORK (Bloomberg) -- Activist investor Lion Point Capital has built a position in Carrizo Oil & Gas Inc. and wants the driller to explore a sale or merger with another Permian explorer to gain scale.The New York-based hedge fund has an economic exposure to about 6% of Carrizo and believes the company is undervalued, according to a filing Monday.

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