Penn Virginia Resource Partners (PVR: Quote) 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.
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org