Sitio Royalties Corp. announced that its stockholders have officially approved the previously announced merger with Viper Energy, Inc. This approval marks a significant milestone in the all-stock transaction, paving the way for its anticipated completion.
The merger is now expected to close on August 19, 2025, solidifying the timeline for the integration of the two companies. Upon closing, Sitio Class A common stockholders will receive 0.4855 shares of Class A common stock of New Cobra Pubco, Inc. for each Sitio Class A share they own.
As part of the transaction, Sitio Class A common stock will be suspended from trading on the New York Stock Exchange prior to market open on August 19, 2025. This final approval by stockholders ensures the merger will proceed as outlined, transitioning Sitio into a part of the larger combined entity.
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