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Why Rattler Midstream Stock Jumped Today

·2 min read
Why Rattler Midstream Stock Jumped Today
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Shares of Rattler Midstream (NASDAQ: RTLR) popped 14% on Monday after the midstream oil and gas company agreed to be acquired by Diamondback Energy (NASDAQ: FANG). Diamondback created Rattler Midstream in 2018 to house its energy-focused infrastructure assets. Now, however, Diamondback CEO and Rattler general partner Travis Stice says the two businesses will be better served by operating under one corporate shell.