SilverBow Resources rejects Kimmeridge's latest $2.1 billion takeover offer-February 2024-www.financetom.com

SilverBow Resources rejects Kimmeridge's latest $2.1 billion takeover offer

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

SilverBow Resources rejects Kimmeridge's latest $2.1 billion takeover offer

Mar 28, 2024 6:22 AM

March 28 (Reuters) - SilverBow Resources ( SBOW ) said

on Thursday it has rejected largest shareholder Kimmeridge

Energy Management's latest offer that valued the oil and gas

producer at $2.1 billion, including debt, in the latest rebuff

of the asset manager's efforts.

The offer from March 13 was the asset manager's latest

attempt to acquire SilverBow over the last two years and aimed

at combining SilverBow with Kimmeridge's gas-producing assets in

South Texas, which Kimmeridge values at about $1.4 billion,

including debt.

SilverBow said the latest offer "substantially undervalues"

the company and it is vital to conduct due diligence on

Kimmeridge Texas Gas to determine the value of the assets.

The company said it is continuing to engage with Kimmeridge

over the proposed deal.

Previous page： Atlassian Insider Sold Shares Worth $2,479,014, According to a Recent SEC Filing Next page： Atlassian Insider Sold Shares Worth $2,479,015, According to a Recent SEC Filing

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Atlassian Insider Sold Shares Worth $2,479,014, According to a Recent SEC Filing

Feb 18, 2025

03:18 AM EST, 02/18/2025 (MT Newswires) -- Scott Farquhar, 10% Owner, Director, on February 14, 2025, sold 7,948 shares in Atlassian ( TEAM ) for $2,479,014. Following the Form 4 filing with the SEC, Farquhar has control over a total of 238,440 Class A common shares of the company, with 238,440 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1650372/000156218025001217/xslF345X05/primarydocument.xml ...

Atlassian Insider Sold Shares Worth $2,479,015, According to a Recent SEC Filing

Feb 18, 2025

03:19 AM EST, 02/18/2025 (MT Newswires) -- Michael Cannon-Brookes, 10% Owner, Director, Chief Executive Officer, Co-Founder, on February 14, 2025, sold 7,948 shares in Atlassian ( TEAM ) for $2,479,015. Following the Form 4 filing with the SEC, Cannon-Brookes has control over a total of 238,440 Class A common shares of the company, with 238,440 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1650372/000156218025001218/xslF345X05/primarydocument.xml...

Revolve Group Insider Sold Shares Worth $6,231,746, According to a Recent SEC Filing

Feb 18, 2025

03:22 AM EST, 02/18/2025 (MT Newswires) -- Michael Mente, 10% Owner, Director, Co-Chief Executive Officer, on February 12, 2025, sold 201,761 shares in Revolve Group ( RVLV ) for $6,231,746. Following the Form 4 filing with the SEC, Mente has control over a total of 73,000 Class A common shares of the company, with 73,000 shares held directly. SEC Filing:...

Revolve Group Insider Sold Shares Worth $6,231,746, According to a Recent SEC Filing

Feb 18, 2025

03:20 AM EST, 02/18/2025 (MT Newswires) -- Michael Karanikolas, 10% Owner, Director, Co-Chief Executive Officer, on February 12, 2025, sold 201,761 shares in Revolve Group ( RVLV ) for $6,231,746. Following the Form 4 filing with the SEC, Karanikolas has control over a total of 123,000 Class A common shares of the company, with 123,000 shares held directly. SEC Filing:...