SilverBow Resources Adopts Limited-Duration Stockholder Rights Plan
Board of Directors Takes Action to Protect Long-Term Value for All Stockholders in Response to Significant Third-Party Share Accumulation
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 rights plans adopted by publicly held companies, and is intended to promote the fair and
