SilverBow Resources (SBOW) Adopts Limited-Duration Stockholder Rights Plan
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SilverBow Resources Adopts Limited-Duration Stockholder Rights Plan
September 20, 2022 4:24 PM EDTBoard of Directors Takes Action to Protect Long-Term Value for All Stockholders in Response to Significant Third-Party Share Accumulation
HOUSTON--(BUSINESS WIRE)-- SilverBow Resources, Inc. (NYSE: SBOW) (SilverBow or the Company) today announced that its Board of Directors (the Board) has unanimously adopted a limited-duration stockholder rights plan (the Rights Plan) to protect the interests of all stockholders. The Rights Plan is effective immediately.
The Board adopted the Rights Plan in response to recent significant accumulations of portions of SilverBow outstanding common stock. The Rights Plan is similar to other... More
