Robbins Arroyo LLP: Acquisition of Memorial Resource Development Corp. (MRD) by Range Resources Corporation (RRC) May Not Be in Shareholders' Best Interests

SAN DIEGO & HOUSTON--(BUSINESS WIRE)--Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of MRD (NASDAQ: MRD) by Range Resources Corporation (NYSE: RRC). On May 16, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which Range Resources will acquire MRD. Under the terms of the agreement, MRD shareholders will receive 0.375 shares of Range Resources, the cash equivalent of $15.75, for each share of MRD common stock.