NEW YORK--(BUSINESS WIRE)--
Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Sitio Royalties Corp. (NYSE: STR) to Viper Energy, Inc. is fair to Sitio shareholders. The consideration will consist of 0.4855 shares of Class A common stock of a new holding company (“pro forma Viper”) for each share of Sitio Class A common stock, 0.4855 units of Viper’s operating subsidiary, Viper Energy Partners LLC, for each unit of Sitio’s operating subsidiary, and 0.4855 units of Class B common stock of pro forma Viper for each share of Sitio Class C common stock.
Halper Sadeh encourages Sitio shareholders to
click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or
sadeh@halpersadeh.com or
zhalper@halpersadeh.com.
The investigation concerns whether Sitio and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Sitio shareholders; (2) determine whether Viper is underpaying for Sitio; and (3) disclose all material information necessary for Sitio shareholders to adequately assess and value the merger consideration.
On behalf of Sitio shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
