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Fly News Breaks for May 16, 2016
MRD, RRC
May 16, 2016 | 09:17 EDT
After Range Resources (RRC) agreed to buy Memorial Resource (MRD), SunTrust says that the deal boosts Range's liquidity and meaningfully lowers its leverage while significantly raising its cash flow. The firm adds that Range Resources should benefit from Memorial's "drilling and targeting techniques."
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