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Eclipse delays closing for $346MM combo with Blue Ridge
Eclipse Resources expects to close its $345.9 million all-stock merger with Appalachian pure-play Blue Ridge Mountain Resources in late February, versus a prior expectation of 4Q18. In a Jan. 15 trading update, the company said it received a delisting notice from the NYSE because its stock price has dropped below the $1.00 standard to maintain a continued listing. Eclipse has six months from the issuance of the notice to raise its share price and......
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