WebJun 7, 2024 · Under the terms of the definitive agreement, Falcon will issue 235 million shares of Class C common stock to Desert Peak's equity holders. Desert Peak Minerals shareholders will also receive 235 million common units representing limited partnership interests in Falcon Minerals Operating Partnership, LP, a subsidiary of Falcon Minerals … WebJan 13, 2024 · Desert Peak’s equity holders may receive additional equity consideration, subject to certain exceptions. Upon completion of the transaction, Desert Peak’s equity holders will own approximately 73% and existing Falcon shareholders will only own approximately 27% of the combined. The deal is scheduled to close in the second …
Desert Peak Minerals to merge with Falcon Minerals in $1.9bn d…
WebOn January 12, 2024, Desert Peak and Falcon announced that they had agreed to merge in an all-stock transaction that will value the combined enterprise at $1.9 billion. Our investigation concerns whether Falcon’s board acted in the best interests of FLMN shareholders in approving the merger with Desert Peak. In particular, upon completion of ... WebJan 12, 2024 · Jan 12 (Reuters) - Desert Peak Minerals, an owner of mineral rights and royalties, said on Wednesday it would merge with rival Falcon Minerals to go public in a … sm6t150a
Desert Peak Minerals and Falcon Minerals Corporation …
WebDesert Peak Minerals and Falcon Minerals Corporation (NASDAQ: FLMN) announced today that they have entered into a definitive agreement to combine in an all-stock transaction which values the combined enterprise at $1.9 billion. And the combination is expected to create a premier mineral and royalty company at the front end of operators’ … WebJan 13, 2024 · Desert Peak was established to acquire, own and manage mineral and royalty interests in Permian Basin. The company has gained more than 105,000 NRAs through the consummation of more than 175 acquisitions. Falcon is an Up-C-Corporation established to own and acquire oil-weighted mineral rights. WebJan 13, 2024 · Desert Peak Minerals, which focuses on investing in Permian basin mineral and royalty interests, has agreed to merge with rival firm Falcon Minerals in an all-stock … sm6t18cay