Brief: Viper Energy To Buy Sitio Royalties In $4.1 Billion All-Equity Deal
03/06/2025 11:37
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 Source text: ID:nGNX5g522Z Further company coverage: FANG.O ((Reuters.Briefs@thomsonreuters.com;))
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