Investment Business Weekly
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Oil and Gas Companies
EXCO Resources, Inc. Announces Reinstatement of Share Repurchase Program
August 21st, 2011
EXCO Resources, Inc. (NYSE: XCO) ("EXCO") announced that its Board of Directors has authorized the reinstatement of its share repurchase program that will enable EXCO to purchase up to a total of $200,000,000 of its shares of common stock. EXCO had previously suspended its repurchase program in connection with the former proposal from our Chairman and Chief Executive Officer to purchase all of our outstanding common stock and the special committee's review of strategic alternatives. Given the termination of the strategic review process, EXCO's Board of Directors deemed it appropriate to reinstate the program. Prior to the suspension of the program, EXCO had repurchased $7.5 million of its...
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Source: Investment Business Weekly (2011-08-21)
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