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Activist Axes $3.6B SilverBow Merger Plan Amid Proxy Fight

By Al Barbarino (April 16, 2024, 2:29 PM EDT) -- New York-based asset manager Kimmeridge said Tuesday it has scrapped its March offer to create a $3.6 billion Eagle Ford shale operator by combining the assets of Kimmeridge Texas Gas with those of shale driller SilverBow Resources, stating it will now focus on getting its three nominees elected to SilverBow's board. ...

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