After Range Resources announced that CEO Jeff Ventura plans to retire from the company effective June 2 and will not seek reelection to the board, Dealreporter said the CEO reshuffling "following a rumored indication of interest – even if it was subsequently batted down – will have us keeping a closer eye on RRC going forward." The M&A-focused publication also wonders "if other would-be acquirers could see this as RRC effectively putting itself in play," contacts tell The Fly.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on RRC:
- Range Resources Slumps as New Takeover Rumors Surface
- Range Announces CEO Retirement and Succession Plan
- Range Resources CEO Jeff Ventura to retire, Dennis Degner to succeed
- Range Resources price target lowered to $29 from $32 at Mizuho
- Range Resources price target lowered to $40 from $42 at Piper Sandler
