Range Resources Corp. (NYSE: RRC) will acquire Memorial Resource Development Corp. (Nasdaq: MRD) in an all stock transaction valued at approximately $4.4 billion including the assumption of debt. Shares of Range Resources plummeted $4.32 to close at $37.69 while Memorial Resources Development stock gained 41 cents to close at $13.86.
Range Resources will acquire Memorial Resource Development
May 16, 2016 at 17:12 PM EDT