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PERMIAN BASIN ROYALTY TRUST ANNOUNCES NOTICE OF COMBINATION AGREEMENT BETWEEN SOFTVEST AND BLACKBEARD WITH RESPECT TO THE TRUST

The combined company will be led by Blackbeard management and is expected to have $500 million in revolving credit capacity, officials said.

Summary by Star Local
DALLAS, July 28, 2026 /PRNewswire/ -- Argent Trust Company, as trustee ("Trustee") of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust"), today announced that it was notified by SoftVest, L.P. ("SoftVest"), a unitholder of the Trust, that…

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WBOC 16 broke the news on Tuesday, July 28, 2026.
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