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An announcement from Viper Energy ( (VNOM) ) is now available.
Viper Energy, Inc., a subsidiary of Diamondback Energy, Inc., announced the completion of its acquisition of TWR IV, LLC and its interests, a deal valued at approximately $459 million in cash and over 10 million OpCo units, with a contingent future payment based on oil prices. The acquisition, funded through cash, credit, and stock offering proceeds, solidifies Viper’s strategy to expand its footprint in the energy sector, specifically targeting mineral and royalty interests in key oil basins. The deal also includes additional financial arrangements, such as registration rights and exchange agreements, enhancing Viper’s financial flexibility and investment appeal.
Learn more about VNOM stock on TipRanks’ Stock Analysis page.
