Sitio Royalties Corp. (STR) jumped 16.11 percent to $20.11 after announcing it will be acquired by Viper Energy, Inc. (VNOM), a subsidiary of Diamondback Energy, in an all-equity transaction valued at approximately $4.1 billion including debt.
Shares opened at $18.93 and traded between $18.64 and $19.93, compared to a prior close of $17.32 on the New York Stock Exchange. Volume stood at 4.3 million, well above average. The stock is currently trading within a 52-week range of $14.58 to $25.64. The acquisition is expected to close in the third quarter of 2025, pending regulatory approvals.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.