Brief: Silverbow Resources Says Kimmeridge Proposed All-Cash, Take-Private Transaction With Co, And Parties Reached Verbal Agreement To Pursue Deal

SilverBow Resources

01/03/2024 13:55

March 1 (Reuters) - SilverBow Resources Inc  SBOW.N :
    * SILVERBOW RESOURCES-IN FEB 2023, KIMMERIDGE PROPOSED
ALL-CASH,
TAKE-PRIVATE TRANSACTION WITH CO, AND PARTIES REACHED  VERBAL
AGREEMENT TO PURSUE DEAL
    * SILVERBOW RESOURCES-KIMMERIDGE NOMINATED 3 DIRECTORS TO
CO'S
BOARD, SOME OF WHOM, "APPEAR TO HAVE CLOSE TIES WITH KIMMERIDGE"
    * SILVERBOW RESOURCES-CO'S BOARD WILL REVIEW NOMINATIONS
SUBMITTED
BY KIMMERIDGE CONSISTENT WITH ESTABLISHED NOMINATING, STRATEGY
COMMITTEE PROCESS
    * SILVERBOW RESOURCES-KIMMERIDGE ULTIMATELY ABANDONED
TRANSACTION
WITH CO AFTER THEY WERE UNABLE TO SECURE REQUISITE FINANCING

Source text for Eikon:  ID:n0000351817-24-000024 
Further company coverage:  SBOW.N 

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