Viper Energy Signs Multiple Material Agreements
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Viper Energy has signed two significant agreements related to its corporate reorganization. The first is an Omnibus Transaction Agreement with Sitio Permian to merge various royalty entities into Old OpCo, which will then combine with a VNOM Sub subsidiary. The second is an Amended and Restated LLC Agreement with Diamondback Energy affiliates, establishing governance and exchange rights for New OpCo. These agreements aim to streamline the company's structure and enhance governance and liquidity options for stakeholders.
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