NasdaqGS:VNOMOil and Gas
Viper Energy Ownership Shifts Raise Questions On Control And Valuation
Viper Energy (NasdaqGS:VNOM) completed a large secondary offering of its Class A common stock by major shareholders, including Diamondback Energy, EnCap Investments, and Oaktree Capital Management.
The company is not receiving proceeds from the offering, which was executed at a set offering price.
At the same time, Viper is repurchasing units in its operating company from Oaktree affiliates at the same offering price.
These moves adjust ownership stakes among key holders and refine how Viper...