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Sitio In New Oil Deal To Buy Brigham for $1.5 Billion

 |  September 6, 2022

Sitio Royalties agreed to acquire rival US oil and gas rights company Brigham Minerals  in an all-stock merger valued at about $1.5 billion.

Brigham investors will get 1.133 Sitio shares for each Brigham share, the companies said Tuesday in a statement, confirming earlier Bloomberg News reporting about a potential deal.

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