Crescent Energy (CRGY) Merger Update - July 18

[dan_s]

99% sure the merger will close by July 31st.

HOUSTON, July 18, 2024--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) ("Crescent" or the "Company"), today announced that leading independent proxy advisory firms, Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis"), recommend that Crescent shareholders vote "FOR" the approval of the issuance of shares of Crescent Class A common stock in connection with the Company’s pending merger with SilverBow Resources, Inc. (NYSE: SBOW) ("SilverBow"). Additionally, ISS and Glass Lewis have recommended in separate reports that SilverBow shareholders vote "FOR" the adoption of the merger agreement in respect of the pending merger.

"The recommendations from ISS and Glass Lewis reinforce our belief that this accretive and transformative transaction with SilverBow is in the best interests of the Company and its shareholders," said Crescent CEO David Rockecharlie. "Together, we will strengthen our position as a leading operator in the Eagle Ford, utilizing our high-quality, long-life assets and deep inventory to create meaningful opportunity for significant efficiencies and attractive returns throughout market cycles."

The Crescent special meeting of stockholders to vote on matters relating to the proposed merger is scheduled to take place on July 29, 2024, at 10:00 a.m. Central Time. All shareholders of record of Crescent common stock as of the close of business on June 28, 2024 will be entitled to vote their shares either virtually or by proxy at the stockholder meeting. In order to virtually attend the Crescent special meeting, stockholders must register online at www.virtualshareholdermeeting.com/CRGY2024SM. As part of the registration process for the virtual meeting, stockholders will need to enter the control number found on their proxy card, voting information form or notice previously received. Those holding their shares through an intermediary, such as a bank, broker, or nominee, who want to participate should request a control number from their intermediary in advance of the meeting.

Crescent shareholders who have questions regarding the special meeting or need assistance voting their shares of Crescent stock may contact Crescent’s proxy solicitor, D.F. King & Co., Inc., by calling toll-free at (800) 967-0271 or, for brokers and banks, collect call at (212) 269-5550.