secwatch.observer — SEC 8-K summary
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Issuer:     Diamondback Energy, Inc. (FANG)
CIK:        0001539838
Form:       8-K
Filed at:   2024-09-10T23:59:59+00:00
Accession:  0001140361-24-040726
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.01, 3.02, 3.03, 5.03, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Diamondback closes Endeavor merger; $7.1B cash + 117.3M shares, board expanded to 12
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- Acquisition closed Sept 10; Diamondback paid ~$7.1B cash and ~117.3M common shares to acquire 100% of Endeavor.
- Endeavor stockholders received ~39.7% of Diamondback's outstanding shares post-close, governed by Stockholders Agreement filed.
- Board expanded to 12 directors with appointments of Lance Robertson (former Endeavor CEO), Charles Meloy, and Robert K. Reeves.
- Charter amended to double authorized common shares from 400M to 800M, approved by stockholders on April 26, 2024.
- HSR waiting period expired Sept 9; stockholder litigation over stockholder agreement provisions settled for $495K mootness fee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1539838/000114036124040726/0001140361-24-040726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1539838/000114036124040726/ef20035628_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-040726

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