Form 8-K · Current Report · Filed 2024-04-29
Diamondback Energy Stockholders Approve Merger with Endeavor
Diamondback Energy, Inc. announced that its stockholders have approved the proposed business combination with Endeavor Energy Resources, L.P., including the issuance of shares and an amendment to the Company's certificate of incorporation to increase the authorized number of shares. The business combination is subject to customary closing conditions, including the termination or expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Additionally, the Company and Endeavor each received a Second Request from the U.S. Federal Trade Commission in connection with its review of the proposed transactions.
- Filer
- Diamondback Energy Inc. FANG · NASDAQ
- Filed
- Accession
- 0001140361-24-023082
- CIK
- 0001539838
- Signal
- High impactEnergy
- Source
- Official filing on sec.gov ↗
Items reported
Submission of Matters to a Vote of Security Holders
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$207.76
Next session
-3.2%
Since filing
-2.3%
Latest close
$202.95
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from FANG reporting the same item, with the next session's move:
Exhibits (1)
About Diamondback Energy Inc.
Diamondback Energy Inc. is a publicly traded company that engages in the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin of West Texas. Its primary function is to extract hydrocarbon resources, which includes both crude oil and natural gas, through advanced drilling and recovery techniques. Diamondback Energy leverages its extensive portfolio of assets across the prolific Permian Basin, which is renowned for its rich oil and gas deposits and low-cost production benefits. The company plays a significant role in the energy sector by providing essential natural resources that fuel modern economies. Its strategic focus on high-margin assets and efficient operational practices make it a notable player in the United States energy market. Diamondback's operations impact sectors involved in energy supply, industrial production, and transportation. Headquartered in Midland, Texas, Diamondback Energy is committed to sustainable growth and maximizing shareholder value, ensuring its ongoing contribution to the energy landscape and the broader commodities market.
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