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Sitio Royalties share rebound after merger deal announcement with Brigham Minerals

Sitio Royalties share rebound after merger deal announcement with Brigham Minerals

Sitio Royalties Corp. rose 3.9% in premarket trades on Wednesday, the day after the company's shares fell on its all-stock, $4.8 billion merger deal with Brigham Minerals Inc. . Sitio Royalties stock dropped 1.6% and Brigham shares gave up 4.7% on Tuesday. The deal marks the formation of one of the largest publicly-traded mineral and royalty companies in the U.S. Private equity firm Kimmeridge Energy Management holds about 43% of Sitio's outstanding stock. Sitio CEO Chris Conoscenti will be CEO