PERMIAN BASIN ROYALTY TRUST ANNOUNCES NOTICE OF COMBINATION AGREEMENT BETWEEN SOFTVEST AND BLACKBEARD WITH RESPECT TO THE TRUST
SoftVest, a unitholder of the Permian Basin Royalty Trust, has entered into a Combination Agreement with Blackbeard Holdings to combine the Trust's assets with Blackbeard's oil and gas mineral interests and land operations into a new publicly traded corporation called PBT Land and Minerals, Inc.
Why it matters — A PBT watcher would care because this agreement could result in the Trust being restructured into a new publicly traded corporation, fundamentally changing the nature of their investment.