Kimmeridge ready to negotiate proposed offer for SilverBow after latest rebuff

SilverBow Resources

01/04/2024 12:44

April 1 (Reuters) - Kimmeridge Energy Management said on
Monday that it remained ready to engage with SilverBow Resources
 SBOW.N  over its takeover offer for the U.S. oil and gas
producer.
    SilverBow last week rejected the offer from Kimmeridge, its
top shareholder, that valued the company at $2.1 billion. 
    Kimmeridge in an open letter said SilverBow did not contact
the firm before rejecting the March 13 proposal.  

 (Reporting by Vallari Srivastava in Bengaluru; Editing by
Sriraj Kalluvila)
 ((Srivastava.Vallari@thomsonreuters.com;))