California Resources announces expiration of HSR waiting period for Aera deal

In a regulatory filing, California Resources announced that the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired at 11:59 p.m. Eastern Time on March 25, 2024, with respect to the pending combination upon the completion of which Aera Energy, LLC and its operating affiliate Aera Energy Services Company will be indirect wholly-owned subsidiaries of California Resources Corporation. Consummation of the transaction remains subject to other customary conditions, including CRC shareholder approval, prior authorization by the Federal Energy Regulatory Commission under Section 203 of the Federal Power Act and other customary governmental approvals. The transaction is expected to close around mid-year 2024.