The deal is sourced from a DEFM14A filing with the SEC, published on November 4, 2025 and retrieved via SEC EDGAR. The deal's current status is pending regulatory approval.
On the financial advisory side, Guggenheim Securities, LLC is named as the lead financial advisor to Berry, the target company. The source material frames this role as formal, referencing Guggenheim's fairness opinion delivered as financial advisor to Berry in connection with the transaction. No financial advisor is identified for the acquirer, California Resources Corp, in the facts provided.
No legal advisors were extracted for this deal in the facts block, so it is not possible to state which law firms, if any, are representing either side of the transaction.
Beyond the stock-for-stock structure noted for the merger, no further detail on the consideration mix, exchange ratio, or other structural terms is provided in the facts block.
Several material facts are not disclosed in the available record. The overall transaction value is not stated in the source document. No acquirer-side financial advisor and no legal advisors for either party are identified. No expected closing date or other timeline detail beyond the November 2025 filing date and pending-regulatory status is given. Readers should treat these as open items rather than assume any particular structure or advisor lineup beyond what is stated here.