Sitio Royalties To Merge With Brigham Minerals In $4.8 Billion Deal ...Middle East

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Sitio Royalties To Merge With Brigham Minerals In $4.8 Billion Deal
source : OILPRICE ( Middle East ) () 28
Oil and gas mineral and royalty company Sitio Royalties Corp. (NYSE: STR) is headed for a merger with Brigham Minerals (NYSE: MNRL) in an all-stock deal with an aggregate enterprise value of ~$4.8B thus creating one of the largest publicly traded mineral and royalty companies in the United States.    The deal, expected to be announced on Tuesday, is one of the largest tie-ups in the U.S. oil patch this year, and comes in a period of elevated oil prices. Like the rest of the industry, Sitio and Brigham have seen both their top-and bottom-lines…

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