SilverBow Resources falls on upsized secondary offering by Strategic Value Partners affiliate

SilverBow Resources

12/12/2023 13:58

** Oil and gas producer SilverBow Resources'  SBOW.N  shares
fall 8.2% to $27.49 premarket
    ** Company announces upsized secondary offering of common
stock by an affiliate of Strategic Value Partners
    ** Riposte Capital, one on SBOW's largest investors, had
pushed for a board revamp in November to address governance
concerns and boost its lagging performance
    ** As of last close, SilverBow shares up 5.9% YTD

 (Reporting by Vallari Srivastava)
 ((Srivastava.Vallari@thomsonreuters.com))