Diamondback Energy announced that its stockholders have approved the issuance of shares of Diamondback common stock in connection with the proposed business combination with Endeavor Energy Resources, L.P. Additionally, Diamondback stockholders approved a proposal to amend the company’s certificate of incorporation to increase the authorized number of shares of Diamondback common stock. The business combination with Endeavor is subject to customary closing conditions, including termination or expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FANG:
- Diamondback Energy price target raised to $229 from $224 at Stifel
- Diamondback Energy price target raised to $250 from $248 at Truist
- Diamondback Energy price target raised to $245 from $212 at Susquehanna
- Diamondback Energy price target raised to $225 from $210 at KeyBanc
- Diamondback Energy price target raised to $247 from $227 at Piper Sandler
