Range Resources (RRC) and Memorial Resource Development Corp. Close Merger Agreement

On September 16, 2016, Range Resources Corporation (NYSE: RRC) entered into a merger agreement with Memorial Resource Development Corp. (NASDAQ: MRD), as previously agreed upon by shareholders of both companies. Under the agreement, RRC receives all of MRD’s remaining shares of common stock in an all-stock arrangement. The arrangement is worth over $4 billion and incorporates MRD’s net debt.

In a news release, Jeff Ventura, CEO of Range Resources Corporation, stated, “We are excited to announce the closing of the Memorial transaction and believe...

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