May 16, 2022
Rattler Midstream LP Investigation
We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Rattler Midstream LP (“Rattler” or the “Company”) (NASDAQ: RTLR), in connection with the proposed merger of the Company with Diamondback Energy, Inc. (“Diamondback”) (NASDAQ: FANG). Under the terms of the merger agreement, the Company’s unitholders will receive 0.113 units of Diamondback for each unit of Rattler common unit owned, representing implied per-share merger consideration of approximately $15.08 based upon Diamondback’s May 13, 2022 closing price of $133.43.
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