Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Memorial Resource Development Corporation (NASDAQ: MRD) acted responsibly on behalf of investors’ profitability in the planned $4.4 billion sale to Range Resources Corporation (NYSE: RRC).

On May 16, 2016, Memorial Resource Development Corporation (NASDAQ: MRD) and Range Resources Corporation (NYSE: RRC) announced that they had entered into a merger agreement. Under the terms of the merger agreement, shareholders of Memorial will receive only 0.375 shares of Range for each share of Memorial that they own.

Based in Houston, Texas, and founded in 2011 Memorial Resource Development Corporation engages in the acquisition, exploitation, and development of natural gas, natural gas liquids, and oil properties mainly in North Louisiana.

The investigation focuses on whether NASDAQ: MRD investors received the highest price and whether the directors of Memorial Resource Development Corporation acted in the best interest of Memorial Resource Development Corporation company and its shareholders.   

If you purchased Memorial Resource Development Corporation (NASDAQ: MRD) prior to On May 16, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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