Harwood Feffer LLP Announces Investigation of Memorial Resource Development Corp.

NEW YORK, May 16, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Memorial Resource Development Corp. ("MRD" or the "Company") (NASDAQ: MRD) concerning the proposed acquisition of the Company by Range Resources Corporation ("RRC").

Under the terms of the offer, RRC would acquire MRD in a transaction valued at approximately $3.3 billion.  Pursuant to the deal, MRD stockholders will receive 0.375 shares of RRC per share owned, worth approximately $14.22.  According to Yahoo Finance, one analyst has set a target price for MRD stock of $23.00 per share.

Our investigation concerns whether the MRD board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own MRD shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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SOURCE Harwood Feffer LLP