M&A - OAKTREE CAPITAL MANAGEMENT LP

Form Type: SCHEDULE 13D/A

Filing Date: 2025-06-04

Corporate Action: Merger

Type: Update

Accession Number: 000095017025081969

Filing Summary: On June 2, 2025, Sitio Royalties Corp. and its subsidiary, Sitio Royalties Operating Partnership, LP, entered into an Agreement and Plan of Merger with Viper Energy, Inc. as part of an all-equity transaction. The agreement includes the merger of Viper Merger Sub with Viper, with Viper continuing as a subsidiary of New Parent, and the merger of Sitio with Sitio Merger Sub, also continuing as a subsidiary of New Parent. This amendment (Amendment No. 2) updates the previous Schedule 13D and discloses the establishment of a Voting and Support Agreement where the Reporting Persons will vote in favor of the mergers. It states that the Reporting Persons will not transfer their shares during the Lock-Up Period unless certain exceptions apply. The document highlights the penalties for reporting inaccuracies related to beneficial ownership and confirms that no transactions occurred within the past 60 days. Overall, the document outlines Joint Filing and Voting agreements involved in the merger process.