SilverBow's (SBOW) Buyout Proposal Withdrawn by Kimmeridge [Yahoo! Finance]
SilverBow Resorces, Inc. (SBOW)
Last silverbow resorces, inc. earnings: 3/4 04:05 pm
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sbow.com
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Source: Yahoo! Finance
The former had proposed a potential merger between its gas-producing assets, Kimmeridge Texas Gas (“KTG”) and SilverBow. Later, SilverBow rejected the proposal citing undervaluation concerns. SBOW had stated that it is open to engaging in transactions with Kimmeridge at an appropriate valuation. Kimmeridge has blamed SilverBow's lack of willingness to engage in discussions as the reason behind the withdrawal. The company had previously made a statement, stating that it had offered a financed, premium proposal to merge KTG and SilverBow, which would have created a leading pure-play Eagle Ford shale operator. Kimmeridge also highlighted that the combined firm's enterprise value would be approximately $3.6 billion. SilverBow's board allegedly failed to provide any clear information on the relative valuation of the company. Also, it did not provide the terms under which it would be willing to engage in a transaction. SilverBow has been accused of being unwilling to engage in any mer
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SBOW
News
- Kimmeridge Releases Presentation on SilverBow's Track Record of Value Destructive M&A [Yahoo! Finance]Yahoo! Finance
- SilverBow Resources, Inc. (NYSE: SBOW) had its price target raised by analysts at Mizuho from $42.00 to $43.00. They now have a "buy" rating on the stock.MarketBeat
- SilverBow Resources (SBOW) Beats Q1 Earnings Estimates [Yahoo! Finance]Yahoo! Finance
- SilverBow Resources Announces First Quarter 2024 Financial and Operating Results [Yahoo! Finance]Yahoo! Finance
- SilverBow Resources Announces First Quarter 2024 Financial and Operating ResultsBusiness Wire
SBOW
Earnings
- 5/1/24 - Beat
SBOW
Sec Filings
- 5/2/24 - Form DEFA14A
- 5/2/24 - Form DFAN14A
- 5/2/24 - Form 10-Q
- SBOW's page on the SEC website