Range to Buy Memorial Resource in Record $3.3 Billion DealBy
Implied value of $15.75 a share is 17% premium to May 13 close
Transaction gives Range access to assets in northern Louisiana
Range Resources Corp. agreed to buy Memorial Resource Development Corp. in a $3.3 billion all-stock deal to take advantage of growing demand from natural gas exporters and chemical manufacturers. It’s Range’s largest deal on record.
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