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Stock impact report

Kimmeridge Withdraws Independent Nominees to SilverBow's Board Following Company's Definitive Agreement with Crescent Energy [Yahoo! Finance]

SilverBow Resorces, Inc. (SBOW) 
Last silverbow resorces, inc. earnings: 3/4 04:05 pm Check Earnings Report
US:NYSE Investor Relations: sbow.com
Company Research Source: Yahoo! Finance
of SilverBow Resources (NYSE: SBOW) ("SilverBow" or the "Company"), today announced the withdrawal of its independent nominees to SilverBow's Board of Directors (the "Board") in light of the Company's pending sale to Crescent Energy. Ben Dell , Co-Founder and Managing Partner of Kimmeridge, said, "While we are disappointed that SilverBow's Board does not appear to have run a comprehensive sales process, our campaign was always underpinned by a strong belief that consolidation is in the best interests of shareholders. That's why we took the time in February to privately outline to the Board eight potential strategic transactions the Company should consider to drive value creation. We are thankful for the overwhelming support of Kimmeridge's slate of independent Board nominees from the investment community, which helped catalyze this transaction. We believe that the proposed sale of the Company obviates the need for Board change at this time." About Kimmeridge Founded in 2012 by Show less Read more
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