Crescent Energy To Acquire SilverBow Resources In $2.1B Deal
Crescent Energy To Acquire SilverBow Resources In $2.1B Deal
Crescent Energy Co (NYSE:CRGY) has reached an agreement to acquire SilverBow Resources Inc (NYSE:SBOW) for $2.1 billion.
Crescent Energy Co（纽约证券交易所代码：CRGY）已达成协议，以21亿美元的价格收购SilverBow Resources Inc（纽约证券交易所代码：SBOW）。
This acquisition comes amid a proxy battle involving SilverBow's largest shareholder, Kimmeridge Energy Management Co.
此次收购是在涉及SilverBow的最大股东金默里奇能源管理公司的代理权争夺战中进行的。
SilverBow shareholders will receive 3.125 shares of Crescent Class A stock for each SilverBow share. Additionally, SilverBow investors have the option to take all or part of the payment in cash at $38 per share, capped at $400 million.
SilverBow股东每股SilverBow将获得3.125股Crescent A类股票。此外，SilverBow投资者可以选择以每股38美元的现金支付全部或部分款项，上限为4亿美元。
After close, the Crescent board of directors will increase to 11 members with the addition of 2 directors to be designated by SilverBow.
关闭后，Crescent董事会将增加到11名成员，另外2名董事将由SilverBow指定。
The transaction, which represents an 18% premium over SilverBow's last closing price, expands Crescent's operations significantly in the Eagle Ford shale basin in southeastern Texas.
该交易比SilverBow的最后收盘价高出18％，大幅扩大了Crescent在德克萨斯州东南部伊格尔福特页岩盆地的业务。
Crescent, managed by KKR & Co Inc (NYSE:KKR) also maintains drilling activities in the Rocky Mountain region.
由KKR＆Co Inc（纽约证券交易所代码：KKR）管理的Crescent也在洛基山地区开展钻探活动。
"The combination with SilverBow, which is expected to be immediately accretive to all key per share metrics, solidifies Crescent as a leading operator in the Eagle Ford and strengthens the company's growth platform with increased scale," said Crescent CEO David Rockecharlie.
Crescent首席执行官戴维·洛克查利表示：“与SilverBow的合并将立即提高所有关键的每股指标，巩固了Crescent作为鹰福特领先运营商的地位，并通过扩大规模加强了公司的增长平台。”
This deal occurs as SilverBow battles Kimmeridge Energy for control of its board. Kimmeridge, holding a 13% stake in SilverBow, has been pushing for board seats after withdrawing its latest takeover bid.
这笔交易发生在 SilverBow 与 Kimmeridge Energy 争夺其董事会控制权时。持有SilverBow13％股份的金默里奇在撤回最新的收购要约后一直在争取董事会席位。
Proxy advisors Institutional Shareholder Services and Glass Lewis have recommended SilverBow's board nominees.
代理顾问机构股东服务公司和格拉斯·刘易斯推荐了SilverBow的董事会候选人。
SilverBow's stock, which has climbed 11% this year, fell 0.6% to $32.35 on Wednesday, valuing the company at approximately $826 million.
SilverBow的股票今年上涨了11％，周三下跌0.6％，至32.35美元，使该公司的估值约为8.26亿美元。
Including debt, SilverBow's enterprise value stands at about $1.9 billion. Crescent's shares dropped 0.8% to $12.25, giving it a market capitalization of roughly $2.2 billion.
包括债务在内，SilverBow的企业价值约为19亿美元。Crescent的股价下跌0.8％，至12.25美元，市值约为22亿美元。
Over the past three years, Crescent, with 15% ownership by KKR, has completed six acquisitions worth over $2 billion.
在过去的三年中，由KKR拥有15％所有权的Crescent已经完成了六次价值超过20亿美元的收购。
With the addition of SilverBow, Crescent becomes one of the largest operators in the Eagle Ford basin, alongside competitors such as EOG Resources Inc. (NYSE:EOG) and ConocoPhillips (NYSE:COP).
随着SilverBow的加入，Crescent成为伊格尔福特盆地最大的运营商之一，与EOG资源公司（纽约证券交易所代码：EOG）和康菲石油公司（纽约证券交易所代码：COP）等竞争对手并列。
The transaction is expected to be closed by the end of the third quarter of this year. Crescent held $5.3 million in cash and equivalents as of March 31, 2024.
该交易预计将于今年第三季度末完成。Crescent 持有 530 万美元 截至2024年3月31日的现金及等价物。
Jefferies LLC and Wells Fargo & Co (NYSE:WFC) are acting as Crescent's financial advisors for the deal, while BofA Securities Inc. and Evercore are advising SilverBow.
杰富瑞集团和富国银行（纽约证券交易所代码：WFC）担任该交易的Crescent的财务顾问，而美银证券公司和Evercore则为SilverBow提供咨询。
Price Action: CRGY shares are trading lower by 8.8% at $11.16 at last check Thursday.
价格走势：周四最后一次检查时，CRGY股价下跌8.8％，至11.16美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明： 该内容部分是在人工智能工具的帮助下制作的，并由Benzinga编辑审查和发布。
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译文内容由第三方软件翻译。