SoftVest and Blackbeard Holdings announced a proposed business combination involving the Permian Basin Royalty Trust. The transaction aims to create a new NYSE-listed company that will acquire PBT's assets and Blackbeard's US Land Guild, which includes 66,500 acres of surface estate and a 15% royalty interest. The deal is designed to modernize PBT's structure and enhance cash flow predictability for unitholders.
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