SilverBow rises as Kimmeridge Energy seeks board seats

SilverBow Resources

01/03/2024 15:57

** Shares of energy producer SilverBow Resources  SBOW.N 
rise 3.4% to $29.36
    ** Co says its top shareholder Kimmeridge Energy Management
has nominated three candidates to its board
    ** SBOW says board will review the nominations, adding that
some of the nominations "appear to have close ties with
Kimmeridge"
    ** Nominations are a part of Kimmeridge's nearly two-year
effort to force a merger with Kimmeridge Texas Gas on terms
unfavorable to SilverBow and its shareholders - SBOW
    ** Kimmeridge made an attempt to take SilverBow private last
February, but its proposal fell through
    ** Stock rose 2.8% in 2023

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