Brief: Crescent Energy To Acquire Silverbow Resources For $2.1 Bln

SilverBow Resources

16/05/2024 12:33

May 16 (Reuters) - Crescent Energy Co  CRGY.N :
    * CRESCENT ENERGY TO ACQUIRE SILVERBOW RESOURCES FOR $2.1
BILLION,
CREATING A LEADING GROWTH THROUGH ACQUISITION COMPANY WITH A
PREMIER EAGLE FORD POSITION
    * CRESCENT ENERGY CO: SILVERBOW SHAREHOLDERS WILL RECEIVE
3.125
SHARES OF CRESCENT CLASS A COMMON STOCK FOR EACH SHARE OF
SILVERBOW COMMON STOCK
    * CRESCENT ENERGY: SILVERBOW SHAREHOLDERS WILL HAVE OPTION
TO GET
ALL OR PORTION OF PROCEEDS IN CASH AT VALUE OF $38/SHARE
    * CRESCENT ENERGY: JOHN GOFF WILL CONTINUE AS NON-EXECUTIVE
CHAIRMAN, DAVID ROCKECHARLIE WILL CONTINUE TO AS CEO OF COMBINED
CO

Source text for Eikon:  ID:nBw8FlPr9a 
Further company coverage:  CRGY.N 

 ((Reuters.Briefs@thomsonreuters.com;))