secwatch.observer — SEC 8-K summary
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Issuer:     SILVERBOW RESOURCES, INC. (—)
CIK:        0000351817
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001193125-24-140112
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SilverBow Resources agrees to merge with Crescent Energy; stockholders elect $38 cash, 3.125 shares, or mix
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- Merger consideration: $38 cash per share, 3.125 Crescent shares, or 1.866 shares plus $15.31 cash.
- SilverBow stockholders to own 22-32% of combined company; Crescent stockholders own 68-78%.
- SilverBow board unanimously approved; Crescent stockholders owning ~43% of Crescent signed support agreements.
- Termination fees: SilverBow pays $30.5M or Crescent pays $61M under specified conditions.
- SilverBow adjourns annual meeting to May 29, 2024 to allow shareholder consideration of merger.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/351817/000119312524140112/0001193125-24-140112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/351817/000119312524140112/d204574d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-140112

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