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best insider trading since netflix , xco to be taken private by ceo
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db boz
Jul 21, 2011, 2:20:05 PM7/21/11
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Miller Weighs New Offer for Exco
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BY GINA CHON AND ANUPREETA DAS
Exco Resources Inc. Chief Executive Douglas Miller is considering
buying a portion of the Dallas-based oil and natural-gas company after
he had trouble raising financing to take the entire company private,
people familiar with the matter said.
Mr. Miller is studying a leveraged buyout with a "public stub,"
meaning a portion of the company would be private and the remaining
stake could still be publicly traded, these people added. Such a
structure would allow Mr. Miller to raise less financing than required
for his October, $4.4 billion offer to take the whole company private
db boz
Jul 21, 2011, 2:19:18 PM7/21/11
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