Crescent (CRGY) & SilverBow (SBOW) Unite in $2.1B Merger
CRGYCrescent Energy Co(CRGY) zacks.com·2024-05-18 02:26

Crescent Energy Company (CRGY) has agreed to acquire SilverBow Resources, Inc. (SBOW) at a valuation of $2.1 billion. The transaction will merge SilverBow and Crescent Energy to create a scaled company. The combined entity will boast a balance portfolio of high-quality and long-life assets, along with a strong balance sheet and a financial framework that will attract high returns. SilverBow shareholders will receive 3.125 shares of Crescent Class A common stock against each share of SilverBow common stock. ...