M&A
confidence high
sentiment positive
materiality 0.85
Diamondback subsidiary Viper to acquire Sitio Royalties in $4.1B all-equity deal
Diamondback Energy, Inc.
- Deal value ~$4.1B including ~$1.1B net debt of Sitio as of March 31, 2025.
- Viper will issue equity to Sitio stockholders; Diamondback stockholders signed support agreement with 90-day lock-up post-close.
- Diamondback stockholders, holding majority Viper voting power, delivered written consent approving merger.
- Closing subject to customary conditions; Diamondback stockholders also agreed not to transfer shares for 90 days.