Vanguard Natural Resources Announces Closing of LRR Energy, L.P. Acquisition
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Vanguard Natural Resources (VNR) Announces Closing of LRR Energy Deal
October 5, 2015 5:14 PM EDTVanguard Natural Resources (NASDAQ: VNR) announced the closing of the previously announced plan of merger pursuant to which a subsidiary of Vanguard merged into LRR Energy, L.P. and, at the same time, Vanguard acquired LRE GP, LLC, the general partner of LRR Energy, L.P. (collectively, LRR Energy, or LRE) for total consideration of approximately 15.45 million Vanguard common units and the assumption of $290 million in debt. As a result of the transaction, LRR Energy and its general partner are now wholly owned subsidiaries of Vanguard. The merger was approved... More
