Sitio Royalties Corp. announced that its stockholders approved the merger with Viper Energy, Inc.
The merger is expected to close on August 19, 2025, with specific details on stock exchanges and conversions.
Sitio's focus on shareholder returns and consolidation of oil & gas mineral assets adds value to the merger.
Merger Approval
Sitio stockholders approved the merger with Viper Energy, Inc.
Merger Details
Stockholders to receive 0.4855 shares of New Cobra Pubco, Inc. for each Sitio Class A common stock owned.
Trading Suspension
Sitio Class A common stock will be suspended from trading on the NYSE on August 19, 2025.
- The merger will combine two energy companies with complementary assets and strategies.
- Shareholders can expect enhanced value creation from the merger synergies.
The merger approval signifies a significant milestone for Sitio Royalties Corp. and Viper Energy, Inc. as they move towards consolidation and growth in the energy sector.