m_and_a
confidence high
sentiment neutral
materiality 0.90
Sitio Royalties completes merger with Viper Energy; common stock delisted from NYSE
Sitio Royalties Corp.
- Sitio stockholders received 0.4855 shares of New Viper Class A common stock per share owned.
- Former Sitio stockholders own ~20% of New Viper; Viper stockholders own ~80%.
- All $600M of 7.875% Senior Notes due 2028 redeemed at applicable premium plus accrued interest.
- Sitio's Class A common stock delisted from NYSE effective August 19, 2025; Form 25 filed.
- Entire Sitio board and seven named officers resigned; new directors and officers from Viper appointed.
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