1. Rowley Law is investigating potential securities law violations by STR. 2. Viper Energy plans to acquire STR in a $4.1 billion deal. 3. Shareholders will receive shares of a new holding company. 4. The transaction is expected to close in Q3 2025. 5. Potential litigation may impact STR's stock price dynamics.
Investigations often indicate underlying issues, potentially lowering investor confidence. Historically, similar probes have led to share price declines.
The investigation hints at critical governance issues which can directly affect stock value.
Concerns over potential securities violations can quickly affect short-term investor sentiment, as shown in past cases.
NEW YORK, June 3, 2025 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Sitio Royalties Corp. (NYSE: STR) and its board of directors concerning the proposed acquisition of the company by Viper Energy, Inc. (NASDAQ: VNOM), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG). Stockholders will receive 0.4855 shares of Class A common stock of a new holding company for each share of Sitio Royalties Class A common stock that they hold. Unitholders of Sitio Royalties' operating subsidiary will receive 0.4855 units of Viper Energy's operating subsidiary and a corresponding amount of Class B common stock of the new holding company for each share of Sitio Royalties Class C common stock that they hold. The transaction is valued at approximately $4.1 billion and is expected to close in the third quarter of 2025.
If you are a stockholder of Sitio Royalties Corp. and are interested in obtaining additional information regarding this investigation, please visit us at: http://www.rowleylawpllc.com/investigation/str/. You may also contact Shane Rowley, Esq. at Rowley Law PLLC, 50 Main Street Suite 1000, White Plains, NY 10606, by email at [email protected], or by telephone at 914-400-1920 or 844-400-4643 (toll-free).
Rowley Law PLLC represents shareholders nationwide in class actions and derivative lawsuits in complex corporate litigation. For more information about the firm and its attorneys, please visit http://www.rowleylawpllc.com.
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SOURCE Rowley Law PLLC