Viper Energy to Acquire Sitio Royalties in $4.1 Billion All-Stock Deal, Expanding Permian Basin Footprint

Viper Energy to Acquire Sitio Royalties in $4.1 Billion All-Stock Deal, Expanding Permian Basin Footprint

On June 3, Viper Energy (NASDAQ: VNOM), a subsidiary of Diamondback Energy, announced it will acquire Sitio Royalties (NYSE: STR) in an all-stock transaction valued at approximately $4.1 billion, including the assumption of $1.1 billion in Sitio’s net debt. The combination, unanimously approved by both companies’ boards and supported by major shareholders—including Diamondback and Sitio’s largest investor, Kimmeridge—will create North America’s …

SITIO ROYALTIES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Sitio Royalties Corp.

NEW YORK CITY & NEW ORLEANS–(BUSINESS WIRE)–Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Sitio Royalties Corp. (NYSE: STR) to Viper Energy, Inc. (NasdaqGS: VNOM). Under the terms of the proposed transaction, the consideration will consist of 0.4855 shares of Class A common stock of a new holding company (“pro forma Viper”) for each share …