Shareholder Alert: The Ademi Firm Investigates Whether Sitio Royalties Corp. Is Obtaining a Fair Price for Its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--Jun 3, 2025--
The Ademi Firm is investigating Sitio (NYSE: STR) for possible breaches of fiduciary duty and other violations of law in its transaction with Viper Energy .
Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.
In the transaction, shareholders of Sitio will receive 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, and 0.4855 units of Viper's operating subsidiary, Viper Energy Partners LLC, for each unit of Sitio's operating subsidiary (along with a corresponding amount of Class B common stock of pro forma Viper for each share of Sitio Class C common stock), representing an implied value to each Sitio stockholder of $19.41 per share based on the closing price of Viper common stock on June 2, 2025. Sitio insiders will receive substantial benefits as part of change of control arrangements.
The transaction agreement unreasonably limits competing transactions for Sitio by imposing a significant penalty if Sitio accepts a competing bid. We are investigating the conduct of the Sitio board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250603749652/en/
CONTACT: Ademi & Fruchter LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
KEYWORD: UNITED STATES NORTH AMERICA WISCONSIN
INDUSTRY KEYWORD: CLASS ACTION LAWSUIT PROFESSIONAL SERVICES LEGAL
SOURCE: Ademi & Fruchter LLP
Copyright Business Wire 2025.
PUB: 06/03/2025 07:41 AM/DISC: 06/03/2025 07:40 AM
http://www.businesswire.com/news/home/20250603749652/en
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