Rattler Midstream L.P. undefined announced Monday a deal to be acquired by Diamondback Energy Inc. undefined in an all-stock deal that values Rattler at...
Rattler Midstream L.P. announced Monday a deal to be acquired by Diamondback Energy Inc. in an all-stock deal that values Rattler at about $2.20 billion. Under terms of the deal, Diamondback will provide 0.113 of its shares for each Rattler share outstanding that it doesn't already own. Based on Friday's closing prices, each share of Rattler, which is a midstream energy assets limited partnership formed by Diamondback, at about $15.08, which represents a 17% premium.
announced Monday a deal to be acquired by Diamondback Energy Inc. in an all-stock deal that values Rattler at about $2.20 billion. Under terms of the deal, Diamondback will provide 0.113 of its shares for each Rattler share outstanding that it doesn't already own. Based on Friday's closing prices, each share of Rattler, which is a midstream energy assets limited partnership formed by Diamondback, at about $15.08, which represents a 17% premium.