Crescent Energy Strikes $2.1 Billion Deal for SilverBow [Yahoo! Finance]
Crescent Energy Company (CRGY)
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg US Inflation Data Was Accidentally Released 30 Minutes Early Putin and Xi Vow to Step Up Fight to Counter US ‘Containment' Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us' Dow Average Tops 40,000 in Victory for Stock Bulls: Markets Wrap Slovak Premier Fighting for Life After Assassination Attempt Each SilverBow share will be exchanged for 3.125 shares in Crescent Class A stock, valued at $38.28 based on Wednesday's closing price. SilverBow holders will have the option to receive all or a portion of the proceeds in cash at $38 a share, up to a maximum of $400 million, according to a statement Thursday. The value of the stock swap is about 18% above SilverBow's closing price Wednesday. Bloomberg News reported earlier that the companies were in advanced talks. SilverBow shares rose as much as 14% in New York on Thursday, hitting the highest intraday price since Nov. 3. Crescent Energy shares fell as much as 7.5%. The deal will give Cr
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News
- SilverBow Resources Shareholders Re-Elect All SilverBow Director Nominees at 2024 Annual Meeting of Shareholders [Yahoo! Finance]Yahoo! Finance
- Looking for a Fast-paced Momentum Stock at a Bargain? Consider Crescent Energy (CRGY) [Yahoo! Finance]Yahoo! Finance
- Crescent Energy (NYSE: CRGY) had its price target raised by analysts at Truist Financial Co. from $19.00 to $20.00. They now have a "buy" rating on the stock.MarketBeat
- Crescent Energy Receives Favorable Responses from All Three Rating Agencies on Its Recently Announced Agreement to Acquire SilverBow ResourcesBusiness Wire
- Crescent Energy: The Offer To Acquire SilverBow Is An Absolute Steal [Seeking Alpha]Seeking Alpha
CRGY
Earnings
- 5/6/24 - Beat
CRGY
Sec Filings
- 5/30/24 - Form 8-K
- 5/22/24 - Form 8-K
- 5/17/24 - Form SC
- CRGY's page on the SEC website