Diamondback Energy in its $26 billion merger with Endeavor Energy Resources

On February 12, 2024, Diamondback Energy, Inc. (NASDAQ: FANG) and Endeavor Energy Resources, L.P. announced that they have entered into a definitive merger agreement under which Diamondback and Endeavor will merge in a transaction valued at approximately $26 billion.  The transaction consideration will consist of approximately 117.3 million shares of Diamondback common stock and $8 billion of cash, subject to customary adjustments.

Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Diamondback.