SilverBow Resources Finalizes Mergers and Restructures Management

SilverBow Resources (SBOW) has issued an announcement.

SilverBow has completed its mergers, terminating its previous credit and note purchase agreements and satisfying all obligations. Shareholders were given various merger consideration options, including cash, stock, or a mix. SilverBow stock ceased trading on the NYSE, and the board and officers were replaced following the merger. Special bonuses were agreed for certain executives, and SilverBow’s stockholders approved the merger but voted against the proposed executive compensation related to the mergers in a special meeting.

See more data about SBOW stock on TipRanks’ Stock Analysis page.