May 16 (Reuters) - Crescent Energy Co ( CRGY ):

* CRESCENT ENERGY TO ACQUIRE SILVERBOW RESOURCES FOR $2.1

BILLION,

CREATING A LEADING GROWTH THROUGH ACQUISITION COMPANY WITH A

PREMIER EAGLE FORD POSITION

* CRESCENT ENERGY CO ( CRGY ): SILVERBOW SHAREHOLDERS WILL RECEIVE

3.125

SHARES OF CRESCENT CLASS A COMMON STOCK FOR EACH SHARE OF

SILVERBOW COMMON STOCK

* CRESCENT ENERGY ( CRGY ): SILVERBOW SHAREHOLDERS WILL HAVE OPTION

TO GET

ALL OR PORTION OF PROCEEDS IN CASH AT VALUE OF $38/SHARE

* CRESCENT ENERGY ( CRGY ): JOHN GOFF WILL CONTINUE AS NON-EXECUTIVE

CHAIRMAN, DAVID ROCKECHARLIE WILL CONTINUE TO AS CEO OF COMBINED

CO

Source text for Eikon:

Further company coverage: