Another Merger in the Shale Sector: American Crescent Buys SilverBow
Crescent Energy has agreed to buy rival US oil and gas producer SilverBow Resources for $2.1 billion. Each SilverBow share will be exchanged for 3,125 Crescent Class A shares valued at $38.28 at the May 15 closing price. According to the statement, SilverBow holders will have the option to receive …