Viper Energy To Buy Sitio Royalties In $4.1 Billion All-Equity Deal
ReutersJun 3, 2025 10:37 AM
June 3 (Reuters) - Diamondback Energy Inc FANG.O:
VIPER ENERGY, INC., A SUBSIDIARY OF DIAMONDBACK ENERGY, INC., TO ACQUIRE SITIO ROYALTIES CORP. IN ALL-EQUITY TRANSACTION; INCREASES BASE DIVIDEND
VIPER TO BUY SITIO IN $4.1 BILLION ALL-EQUITY DEAL
EXPECTED ANNUAL SYNERGIES OF OVER $50 MILLION
BOARD OF DIRECTORS OF VIPER APPROVED 10% INCREASE TO ITS BASE DIVIDEND TO $1.32 PER SHARE ANNUALLY
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