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Penn Virginia Resource Partners (PVR) Is Rising After Acquisition

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4/10/2012 10:00 AM ET

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 gapped open higher this morning and has continued to rise in early trade. Shares are now up 1.37 at $23.73. The stock broken out to a week and a half high.

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by RTT Staff Writer

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