SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Brigham Minerals, Inc. (NYSE – MNRL)
BALA CYNWYD – September 6, 2022 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Brigham Minerals, Inc. (“Brigham Minerals” or the “Company”) (NYSE – MNRL) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the Company’s agreement to merge with Sitio Royalties Corp. (“Sitio”) (NYSE – STR). Under the terms of the merger agreement, Brigham Minerals shareholders will receive a fixed exchange ratio of 1.133 shares of common stock in the combined company for each share of Brigham common stock owned on the closing date. Upon completion of the transaction, Sitio shareholders will own approximately 54.0% and Brigham shareholders will own approximately 46.0% of the combined entity on a fully diluted basis.
The investigation concerns whether the Brigham Minerals Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution to the Company’s shareholders in the combined company.
If you own shares of Brigham Minerals stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 855-576-4847.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.