Kimmeridge Energy Management proposes a $500M cash-for-shares deal with SilverBow Resources, potentially controlling a supermajority of the merged entity.
Kimmeridge Energy Management proposes a deal with SilverBow Resources involving the contribution of Kimmeridge Texas Gas assets and $500 million in cash in exchange for shares released by the merged entity. If executed, Kimmeridge Energy Management could control a supermajority of the combined company, leaving the remaining shares to public shareholders. The SilverBow Board is currently reviewing and considering the proposal to determine the next steps.
March 13, 2024
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