MEMORIAL RESOURCE DEVELOPMENT CORP. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
13 Juillet 2016 - 8:33PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Memorial
Resource Development Corp. (NASDAQ GS: MRD)?
- Did you purchase any of your shares
prior to May 16, 2016?
- Do you think the proposed buyout
value is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Memorial
Resource Development Corp. (“MRD” or the “Company”) (NASDAQ GS:
MRD) regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Range Resources Corporation (“Range”) (NYSE:
RRC), in a transaction valued at approximately $4.4 billion.
Click here to learn more:
http://rigrodskylong.com/investigations/memorial-resource-development-corp-mrd.
Under the terms of the agreement, shareholders of MRD will
receive 0.375 shares of Range for each share of MRD they own.
Based on Range’s closing stock price on May 13, 2016, MRD
shareholders would have received compensation valued at
approximately $15.75 per share.
The investigation concerns whether MRD’s board of directors
failed to adequately shop the Company and obtain the best possible
value for MRD shareholders before entering into an agreement with
Range.
If you own the common stock of MRD and purchased your shares
before May 16, 2016, if you have information or would like to learn
more about these claims, or if you wish to discuss these matters or
have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Seth D.
Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter
Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888)
969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/memorial-resource-development-corp-mrd.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160713006368/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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