Penn Virginia Resource Partners (PVR) announced Tuesday morning that it has signed a definitive agreement to acquire Chief Gathering LLC for $1.0 billion.
Penn Virginia Resource Partners climbed sharply throughout the first 2 hours of trade Tuesday and closed up by 2.59 at $24.95, with volume at a 5-month high. The stock broke out to a 3-week high and re-crossed its 50-day moving average.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.