SilverBow Resources falls after rejecting Kimmeridge takeover bid
** Shares of energy producer SilverBow Resources SBOW down 1.96% to $34
** Co rejects largest shareholder Kimmeridge Energy Management's latest offer that values the oil and gas producer at $2.1 bln
** SBOW says latest offer from Kimmeridge "substantially undervalues" co
** Oil and gas producer also rejected three board nominees proposed by Kimmeridge earlier in March
** SilverBow said it is continuing to engage with Kimmeridge over the proposed deal
** Including session's losses, SBOW shares are up 17.3% YTD