SilverBow's (SBOW) Acquisition Gains Strong Shareholder Support [Yahoo! Finance]
Crescent Energy Company (CRGY)
Company Research
Source: Yahoo! Finance
The proposed acquisition deal, valued at $2.1 billion, is expected to be concluded on Jul 30, 2024, subject to other customary closing conditions. SilverBow's shareholders showed overwhelming support for the transaction, with 99% votes cast in favor of the proposed deal. The company's management highlighted that the deal offered an attractive premium to its stockholders. Furthermore, the merger will give rise to a premier oil and gas company based in the Eagle Ford, boasting a balanced and resilient asset portfolio, return-focused financial model and a strong balance sheet. On Jul 29, Crescent Energy also held a special shareholders' meeting, where 87.94% of its outstanding common stockholders voted in favor of the merger. Its stockholders also agreed to the issuance of Crescent Class A common stock in relation to the acquisition. Crescent's management highlighted that the combined entity will own high-quality assets with a long reserve life in the Eagle Ford and it will be le
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CRGY
News
- Crescent Energy (NYSE: CRGY) had its "outperform" rating re-affirmed by analysts at Evercore ISI. They now have a $17.00 price target on the stock.MarketBeat
- Do Its Financials Have Any Role To Play In Driving Crescent Energy Company's (NYSE:CRGY) Stock Up Recently? [Yahoo! Finance]Yahoo! Finance
- Crescent Energy (CRGY) Stock Moves -0.09%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Crescent Energy (NYSE: CRGY) is now covered by analysts at JPMorgan Chase & Co.. They set a "neutral" rating and a $12.00 price target on the stock.MarketBeat
- Crescent Energy (NYSE: CRGY) had its price target lowered by analysts at Mizuho from $14.00 to $13.00. They now have a "neutral" rating on the stock.MarketBeat
CRGY
Earnings
- 8/5/24 - Beat
CRGY
Sec Filings
- 9/24/24 - Form SD
- 9/9/24 - Form 4
- 9/9/24 - Form 4
- CRGY's page on the SEC website