SBOW - Riposte Capital Issues Statement in Support of Kimmeridge's Proposal to Combine Kimmeridge Texas Gas with SilverBow Resources | Benzinga
NEW YORK, March 21, 2024 /PRNewswire/ -- Riposte Capital LLC, one of the largest shareholders of SilverBow Resources, Inc. (NYSE:SBOW), owning approximately 9.9% of the Company's outstanding common stock, today issued the following statement:
Riposte Capital has thoroughly analyzed Kimmeridge's proposal, published on March 13, 2024, to combine Kimmeridge Texas Gas with SilverBow Resources, Inc. ("SilverBow" or "the Company") and finds it to be highly compelling.
Riposte urges the Company to capitalize on this strategically and financially advantageous opportunity. The benefits of the transaction are clear: the combined entity would be positioned to lead further consolidation ...