Houston companies’ merger OK’d, paving the way for Exxon to sell its Santa Ynez Unit

Stockholders of Houston-based Flame Acquisition Corp. (NYSE: FLME) have agreed to a long-awaited merger with Sable Offshore Corp., which was formed to evaluate the opportunity to acquire Spring-based Exxon Mobil Corp.’s (NYSE: XOM) Santa Ynez Unit in California.