Range Resources and Memorial Resource Development today announced the completion of the merger agreement under which Range will acquire all of the outstanding shares of common stock of MRD in an all-stock transaction valued at approximately $4.2 billion, including the assumption of MRD’s net debt. The transaction, which was approved by Range [...]
Range Resources today announced that its stockholders overwhelmingly approved the issuance of Range common stock necessary for Range to acquire Memorial Resource Development. At Range’s special meeting held earlier today, approximately 87.0% of the outstanding shares of Range common stock were voted and of those shares voted, approximately [...]
Range Resources today announced that it has extended its previously announced exchange offers for certain of Range’s and Memorial Resources notes listed in the table below and the cash tender offers for Memorial’s notes listed below, in order to coincide with the expected closing of Range’s acquisition of Memorial. Accordingly [...]
Range Resources announced today that, in connection with the anticipated merger of Range and Memorial Resources Development, Range has commenced offers to Eligible Holders (1) to either (a) exchange any and all outstanding 5.875% Senior Notes due 2022 issued by Memorial for up to $600 million aggregate principal amount of new senior notes issued by [...]
Memorial Resource announced today its operating and financial results for the three months ended June 30, 2016. Highlights from the quarter include: Increased average daily production 68% to 451 MMcfe/d for the second quarter 2016 compared to 268 MMcfe/d for the second quarter 2015 Entered into an Agreement and Plan of Merger (the “Merger [...]
Range Resources announced today that it has established a record date and the expected timing of its meeting date for the special meeting of its stockholders to consider and vote upon (i) the proposal to approve the issuance of shares of Range common stock, par value $0.01 per share, to stockholders of Memorial Resource Development in connection [...]
Memorial Resource announced today that it will hold a special meeting of stockholders in connection with the proposed merger with Range Resources on September 15, 2016 at 10:00 a.m. Central Time, at MRD’s offices at 500 Dallas Street, Suite 1800, Houston. At the special meeting, MRD stockholders will meet for the following purposes: (i) to [...]
Memorial Resource today announced that it closed its previously announced divestiture of Memorial Production Partners GP LLC, the general partner of MEMP to Memorial Production Partners LP (Nasdaq:MEMP) on June 1, 2016. MEMP GP is the general partner of MEMP and holds the general partner interest and 50% of the incentive distribution rights [...]
FORT WORTH, TX--(Marketwired - May 16, 2016) - Range Resources Corp. "Range" (NYSE: RRC) and Memorial Resource Development Corp. "MRD" (NASDAQ: MRD) announced today a definitive merger agreement under which Range will acquire all of the outstanding shares of common stock of MRD in an all-stock transaction valued at $4.4 billion. This valuation [...]
Memorial Resource announced today its operating and financial results for the three months ended March 31, 2016. Highlights from the quarter include: Increased average daily production 52% to 420 MMcfe/d for the first quarter 2016 compared to 277 MMcfe/d for the first quarter 2015 Increased Adjusted EBITDA(1) 23% to $106.4 million for the first [...]
Memorial Resource today announced that it has entered into an agreement to sell Memorial Production Partners GP, the general partner of MEMP, for $0.75 million in cash to Memorial Production Partners LP. MEMP GP is the general partner of MEMP and holds the general partner interest and 50% of the incentive distribution rights of MEMP. MRD expects to [...]
Memorial Resource announced today that it will report first quarter 2016 financial and operating results before the market opens for trading on May 10, 2016. Following the announcement, management will host a first quarter 2016 earnings conference call at 8:00 a.m. Central (9:00 a.m. Eastern). Interested parties are invited to participate on the [...]
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