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EXCO (NYSE:XCO) Chief Executive Officer, Douglas Miller dropped a buyout offer to $18.50 from $20.50 a share.Miller has submitted a downwardly revised buyout offer to the company, citing people with knowledge of the matter. The new offer is valued at $18.50 a share, and adds a stock component, while the previous bid, made in October, was for $20.50 a share in cash.A committee of Exco’s board is evaluating the offer and possibly will make a decision within days. Miller's submission last week didn't consist of commited financing for the transaction.EXCO Resources (NYSE:XCO) has a potential upside of 36.3% based on a current price of $16.65 and an average consensus analyst price target of $22.70.
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Video Length: 0
Date Found: July 07, 2011
Date Produced: July 07, 2011
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 Voxant Newsroom |
July 16, 2011
Activist Investor Carl Icahn disclosed that on July 14, he sent a letter to Donald Knauss, CEO of Clorox (NYSE:CLX) with a proposal to acquire all of the issued and outstanding shares not owned for $76.50 per share net in cash. Icahn also disclosed that his affiliates have obtained a highly ...
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 Voxant Newsroom |
July 16, 2011
tonight we get reaction from the firefighters union and the mayor to public safety director darren white’s abrupt retirement today. white was dogged by questions all week about a minor crash his wife was in---and why he drove her to the hospital instead of waiting for an ambulance. eddie garcia ...
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 Voxant Newsroom |
July 16, 2011
Good Morning. It’s Friday, July 15, 2011. At this hour, U.S. equity futures are higher. Overseas, the Asian markets mixed, while the European markets are down. News Corp. (NASDAQ:NWSA) announced the appointment of Tom Mockridge as CEO of News International effective immediately following the ...
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 Voxant Newsroom |
July 16, 2011
This is what’s in the news for Friday, July 15th. The Wall Street Journal reports that Credit Suisse Group (NYSE:CS) is the target of a U.S. Justice Department investigation into hidden Swiss offshore accounts for wealthy Americans. The Wall Street Journal reports that the Obama Administration ...
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 Voxant Newsroom |
July 15, 2011
Busy schedules shouldn’t mean a scarce social life. Teri Gault from thegrocerygame.com gives you tips on how to prep your home to be "magazine-ready" even within the shortest of time frames.
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