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Kimmeridge ready to negotiate proposed offer for SilverBow after latest rebuff
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Kimmeridge ready to negotiate proposed offer for SilverBow after latest rebuff
Apr 1, 2024 5:11 AM

April 1 (Reuters) - Kimmeridge Energy Management said on

Monday that it remained ready to engage with SilverBow Resources ( SBOW )

over its takeover offer for the U.S. oil and gas

producer.

SilverBow last week rejected the offer from Kimmeridge, its

top shareholder, that valued the company at $2.1 billion.

Kimmeridge in an open letter said SilverBow did not contact

the firm before rejecting the March 13 proposal.

(Reporting by Vallari Srivastava in Bengaluru; Editing by

Sriraj Kalluvila)

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