SilverBow (SBOW) to Deliberate on Kimmeridge's $2.1B Offer [Yahoo! Finance]
SilverBow Resorces, Inc. (SBOW)
Last silverbow resorces, inc. earnings: 3/4 04:05 pm
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Source: Yahoo! Finance
Kimmeridge proposes to merge the U.S.-based upstream player with its gas-producing assets, Kimmeridge Texas Gas (“KTG”). The total consideration of the offer was $2.1 billion, including debt. The consideration offered by Kimmeridge represents an 8.5% premium over the closing share price of SilverBow Resources on Mar 11, 2024. Additionally, it represents a 21% over the 30-day volume-weighted average price of the company's shares as of the same date. Over the past two years, Kimmeridge has made several unsuccessful attempts at integrating SilverBow with Kimmeridge-owned KTG. The assets of Kimmeridge Texas Gas are valued at $1.1 billion. Following the close of the proposed deal, the expected enterprise value of the combined entity will be $1.4 billion. Kimmeridge is the largest shareholder of SilverBow, owning 12.9% of the outstanding shares. Per the terms of the proposal, Kimmeridge intends to transfer KTG assets to SilverBow, in exchange for 32.4 million shares. Additionally, Kim
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News
- SilverBow Resources (SBOW) Earnings Expected to Grow: What to Know Ahead of Next Week's Release [Yahoo! Finance]Yahoo! Finance
- SilverBow Resources Sends Letter to Shareholders Highlighting Path Forward for Value Creation [Yahoo! Finance]Yahoo! Finance
- SilverBow Resources Sends Letter to Shareholders Highlighting Path Forward for Value CreationBusiness Wire
- Kimmeridge May Have Withdrawn SilverBow Merger Proposal, But The Battle Continues [Seeking Alpha]Seeking Alpha
- SilverBow's (SBOW) Buyout Proposal Withdrawn by Kimmeridge [Yahoo! Finance]Yahoo! Finance
SBOW
Earnings
- 2/28/24 - Beat
SBOW
Sec Filings
- 4/22/24 - Form DEFA14A
- 4/16/24 - Form SC
- 4/16/24 - Form DFAN14A
- SBOW's page on the SEC website