One-Page Deal Sheet
Diamondback Takes Rattler Midstream Private in All-Stock Deal Worth $2.2B
Diamondback Energy, Inc. Rattler Midstream LP
Announced Date
May 16,2022
Close Date
August 25,2022
Transaction Type
Corporate
Transaction Details: Subscribe to see
Diamondback Energy, Inc. has acquired all of the publicly held common units in Rattler Midstream LP, taking the midstream firm private.
The all-stock deal is valued at ~$2.2 billion.
This deal closed on August 25, 2022.
The agreement provides for an all-stock transaction whereby each public unitholder of Rattler would receive 0.113 of a share of common stock in Diamondback in exchange for each Rattler common unit owned, an exchange ratio that implies a premium of 17.3% for Rattler common units based on the closing prices of Rattler's common units and Diamondback's common stock as of May 13…
Permian Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| May-25-2022 |
-  |
- |
Click here | Texas | Midstream |
| Feb-04-2022 |
- |
- |
Click here | Texas | Midstream |
| Oct-26-2021 |
- |
- |
Click here | North Dakota | Midstream |
| Oct-21-2021 |
- |
- |
Click here | Texas | Midstream |
| Mar-05-2021 |
- |
- |
Click here | Midstream |