Sitio Royalties Corp.
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STR STOCK ALERT: HALPER SADEH LLP IS INVESTIGATING WHETHER THE MERGER OF SITIO ROYALTIES CORP. IS FAIR TO SHAREHOLDERS
September 6, 2022.
New York, New York—Halper Sadeh LLP, an investor rights law firm, is investigating whether the merger of Sitio Royalties Corp. (NYSE: STR) and Brigham Minerals, Inc. is fair to Sitio shareholders. Under the terms of the merger agreement, Sitio’s shareholders will receive one share of common stock in the combined company for each share of Sitio common stock owned on the closing date. Upon completion of the transaction, Sitio shareholders will own approximately 54.0% of the combined entity on a fully diluted basis.
The investigation concerns whether Sitio and its board 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; and (2) disclose all material information necessary for Sitio shareholders to adequately assess and value the merger consideration. On behalf of Sitio shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP 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.
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