MEMORIAL RESOURCE DEVELOPMENT SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Memorial Resource Devel...
20 Mayo 2016 - 3:06PM
Business Wire
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Memorial Resource
Development Corp. (“Memorial” or the “Company”) (NASDAQ:MRD) for
potential breaches of fiduciary duties in connection with the sale
of the Company to Range Resources Corporation (“Range”) for
approximately $4.4 billion.
The Company’s stockholders will only receive 0.375 shares of
Range common stock for each share of Company common stock they own.
Based on Range’s closing price on May 19, 2016, the transaction
values Memorial at a price of $14.98 per share. However, this
consideration is below at least one analyst’s price target of
$23.00 per share and Memorial’s 52-week high of $20.60 per
share.
Click here for more information:
www.faruqilaw.com/MRD. There is no cost or
obligation to you.
The investigation focuses on whether Memorial’s Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Memorial’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Memorial and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/MRD or contact Juan
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2016 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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Faruqi & Faruqi, LLP685 Third Avenue, 26th FloorNew York, NY
10017Attn: Juan Monteverde, Esq.jmonteverde@faruqilaw.comToll Free:
(877) 247-4292Phone: (212) 983-9330
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