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Key Developments: Range Resources Corp (RRC.N)

RRC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Range Resources reports 47.6 pct stake in Memorial Resource Development
Tuesday, 24 May 2016 05:17pm EDT 

Range Resources Corp :Range Resources Corporation reports 47.6 percent stake in Memorial Resource Development Corp, as of May 15, 2016 - SEC filing.  Full Article

Range Resources says may be required to pay MRD termination fee of $125 mln or $300 mln
Thursday, 19 May 2016 06:21am EDT 

Range Resources Corp : Upon termination of merger agreement, either party may be required to make expense reimbursement payment of $25 million to other party . In certain other circumstances, MRD may be required to pay range a termination fee of $75 million .In certain other circumstances, Range may be required to pay MRD a termination fee of either $125 million or $300 million.  Full Article

Range Resources says deal to increase pro forma margins by about $0.45/MCFE for 2016 - conf call
Monday, 16 May 2016 10:12am EDT 

Range Resources Corp : Says Has Liquidity In Hand "To Take Care Of Whatever Might Arise On The Debt Side Of The Balance Sheet" - Conf call . Deal to increase pro forma margins by about $0.45 per MCFE for 2016 based on consensus estimates - Conf Call Further company coverage: [MRD.O RRC.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Range Resources to buy Memorial Resource for $4.4 bln
Monday, 16 May 2016 06:00am EDT 

Memorial Resource Development Corp : Range Resources Corporation announces merger with Memorial Resource Development Corp . Deal for $4.4 billion . MRD shareholders will receive 0.375 shares of range common stock for each share of mrd common stock held . Deal valuation includes assumption of MRD's net debt, which was $1.1 billion as of March 31, 2016 . Boards of directors of both companies have unanimously approved terms of agreement . Says MRD will have right to nominate an independent director from mrd to a seat on range's board . Following transaction, shareholders of MRD are expected to own approximately 31% of outstanding shares of range . Based on range closing price on May 13, 2016, transaction has an implied value to MRD shareholders of $15.75 per share . MRD will have right to nominate an independent director from MRD to a seat on Range's board . Range to acquire all of outstanding shares of common stock of MRD in an all-stock transaction valued at $4.4 billion .Range resources CEO says, "transaction is also accretive to our cash flow".  Full Article

Range Resources Corp announces closing of Nora asset sale
Wednesday, 30 Dec 2015 04:42pm EST 

Range Resources Corp:Announced that it has completed the sale of its Nora assets.  Full Article

Range Resources Corporation Declares Quarterly Dividend
Wednesday, 2 Dec 2015 06:00am EST 

Range Resources Corporation:declared a quarterly cash dividend on its common stock for the fourth quarter.dividend of $0.04 per common share is payable on December 31, 2015 to stockholders of record at the close of business on December 15, 2015.  Full Article

Range Resources Corp announces Nora Asset Sale for $876 Million
Tuesday, 3 Nov 2015 06:35pm EST 

Range Resources Corp:Signed a definitive sales agreement to sell its Nora assets for a purchase price of $876 million.Properties encompass approximately 3,500 operated wells and approximately 460,000 net acres in the Nora/Haysi combined fields located primarily in southwestern Virginia.Net proceeds will be used to reduce total debt by an expected 24% and further strengthen the Company's financial position.Sale is also expected to reduce direct operating expenses, brokerage natural gas and marketing expenses and general and administrative expenses for 2016.  Full Article

Range Resources Corp gives Q4 2015 production guidance; reaffirms FY 2015 production guidance
Wednesday, 28 Oct 2015 04:30pm EDT 

Range Resources Corp:Says production growth for FY 2015 is targeted at 20% year-over-year.Says average daily production for Q4 2015 is expected to be approximately 1.42 Bcfe per day with approximately 26% liquids, without any incremental volumes associated with the Mariner East I start-up.  Full Article

Range Resources Corp declares quarterly cash dividend
Tuesday, 1 Sep 2015 06:00am EDT 

Range Resources Corp:Says that it has declared a quarterly cash dividend on its common stock for the third quarter.Says dividend of $0.04 per common share is payable on Sept. 30, 2015.Paid to stockholders of record at the close of business on Sept. 15, 2015.  Full Article

Range Resources Corp gives Q3 2015 production outlook; reaffirms FY 2015 outlook
Tuesday, 28 Jul 2015 04:40pm EDT 

Range Resources Corp:Expects Q3 2015 Average daily production to be 1.39 to 1.40 Bcfe per day with 28% liquids.Expects FY 2015 production growth at 20 pct year-over-year.  Full Article

BRIEF-Range Resources reports 47.6 pct stake in Memorial Resource Development

* Range Resources Corporation reports 47.6 percent stake in Memorial Resource Development Corp, as of May 15, 2016 - SEC filing Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)