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Monday 3 August 2015
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Pre-Market News Buzz on: Memorial Resource Development (NASDAQ:MRD), Sigma-Aldrich (NASDAQ:SIAL), Golar LNG (NASDAQ:GLNG), Restaurant Brands International (NYSE:QSR)

On Wednesday, Memorial Resource Development Corp (NASDAQ:MRD)’s shares showed no change to $15.56.

Memorial Resource Development Corp. (MRD) declared that it will report second quarter 2015 financial and operating results before the market opens for trading on August 5, 2015. Following the declarement, administration will host a second quarter 2015 earnings conference call at 2 p.m. Central (3 p.m. Eastern). Interested parties are invited to take part on the call by dialing (844) 735-9435, or (804) 681-3660 for international calls, (Conference ID: 82296016) at least 15 minutes preceding to the start of the call or via the internet at www.memorialrd.com. A replay of the call will be accessible on MRD’s website or by phone at (855) 859-2056 (Conference ID: 82296016) for a seven-day period following the call.

Memorial Resource Development Corp., an independent natural gas and oil company, focuses on the acquisition, exploitation, and development of natural gas, natural gas liquids, and oil properties primarily in North Louisiana. As of December 31, 2014, the company held leasehold interest in 210,854 net acres; and had estimated proved reserves of about 1,632 billion cubic feet of natural gas equivalent.

Sigma-Aldrich Corporation (NASDAQ:SIAL)’s shares dropped -0.04% to $139.58.

Sigma-Aldrich Corporation (SIAL) declared that the European Commission (the “EC”) has conditionally cleared the planned acquisition of the Company by Merck KGaA, Darmstadt, Germany (the “Transaction”). Sigma-Aldrich also declared it has obtained full clearance of the Transaction from the Chinese Ministry of Commerce.

These latest jurisdictions to clear the Transaction follow clearance in May by Japanese authorities. Antitrust clearance has also been obtained in the United States, Russia, Serbia, Ukraine, South Africa and Taiwan.

Sigma-Aldrich Corporation, a life science and high technology company, develops, manufactures, purchases, and distributes various chemicals, biochemicals, and equipment products worldwide.

At the end of Wednesday’s trade, Golar LNG Limited (USA) (NASDAQ:GLNG)‘s shares dipped -0.46% to $43.04.

Golar LNG Limited declared that it has executed agreements for conversion of the 126,000 m3 LNG carrier Gandria to a Golar floating liquefaction facility (“GoFLNG”). As with the GoFLNG Hilli and Gimi conversions, the primary contract for the GoFLNG Gandria was reached with Singapore’s Keppel Shipyard Limited (“Keppel”). The Gandria conversion contract marks the exercise of the second of two options that formed part of the initial 2014 Hilli conversion contract. Black & Veatch will provide its licensed PRICO(R) technology, perform detailed engineering and process design, specify and procure topside equipment, and provide commissioning support for the GoFLNG topsides and liquefaction process.

The decision to go ahead with the third conversion project was taken following a thorough review of the growing portfolio of business development opportunities for GoFLNG. This has shown potential demand from several possible customers for delivery of floating liquefaction facilities as early as 2018. In order to respond to this potential, the Gandria conversion will now be dedicated to satisfy the commitments to Ophir in Equatorial Guinea, covered by the agreement declared in May this year, requiring delivery of GoFLNG facilities in 2019. In parallel with this decision to commit Gandria to the Ophir project, Keppel and Black & Veatch will now update their FEED study, accommodating the deep water operation in Equatorial Guinea on the basis of Gandria. This move will release the Gimi to cover the potential emerging demand for a 2018 GoFLNG project. Provisions in the Gimi and Gandria contracts provide Golar the flexibility to adjust project timing and to limit expenditure to front-end engineering activities and long-lead equipment cancellation charges should timing and scope of predictable or potential projects change.

Golar LNG Limited, a midstream liquefied natural gas (LNG) company, engages in the transportation, regasification, liquefaction, and trading of LNG. The company operates in three segments: Vessel Operations, LNG Trading, and FLNG.

Restaurant Brands International Inc (NYSE:QSR), ended its Wednesday’s trading session with 0.28% gain, and closed at $42.85.

The BURGER KING® brand is owned by Restaurant Brands International Inc (NYSE:QSR). The BURGER KING McLAMORESM Foundation declared recently that it is making the dreams of close to 2,500 students a reality. Through its BURGER KINGSM Scholars program, $2.7 million in scholarships — counting three $50,000 grants — are being awarded to exceptional high school graduates and BK® employees in the U.S., Canada and Puerto Rico.

Recognizing thousands of world-changing students through various scholarship levels, the program opens countless doors for students across North America, putting college within their reach and allowing them to seize unprecedented opportunities.

It all began in 2000, when BURGER KING® franchisees initiated the program. Since then, the BURGER KINGSM Scholars program—administered by the BURGER KING McLAMORESM Foundation since 2005—has touched the lives of more than 24,000 students, awarding $25.3 million in financial assistance to be used toward their educational advancement. This year alone, the program awarded three $50,000 James W. McLamore WHOPPER® Scholarship Awards, 10 $5,000 regional scholarships and close to 2,500 $1,000 scholarships to graduates.

These extraordinary students carry on the legacy of BURGER KING® brand co-founder James W. McLamore, the inspiration for the Foundation and a committed philanthropist whose dedication to education made him a pillar of community service throughout his lifetime.

Restaurant Brands International Inc. owns and operates quick service restaurants under the Burger King and Tim Hortons brand names. As of February 17, 2015, it franchised or owned 19,043 restaurants in about 100 countries and U.S. territories worldwide. The company was founded in 1954 and is headquartered in Oakville, Canada.

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