UNITHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Rattler Midstream LP (Nasdaq – RTLR)

BALA CYNWYD – May 16 2022 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Rattler Midstream LP (“Rattler” or the “Company”) (Nasdaq – RTLR) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the Company’s agreement to be acquired by Diamondback Energy, Inc. (“Diamondback”) (Nasdaq – FANG). Under the terms of the merger agreement, Diamondback will acquire all publicly held common units representing the limited partner interests in Rattler not already owned by Diamondback and its subsidiaries. The agreement provides for an all-stock transaction whereby each public unitholder of Rattler would receive 0.113 of a share of common stock in Diamondback in exchange for each Rattler common unit owned, an implied per-share merger consideration of approximately $15.08 based on Diamondback’s May 13, 2022 closing price of $133.43.

The investigation concerns whether the Rattler Board breached its fiduciary duties to unitholders by failing to conduct a fair process, and whether Diamondback is paying too little for the Company.

If you own units of Rattler 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.