Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

Restructurings

EXCO Resources (XCO) sells two minority interest stakes for $120mm

EXCO Resources, Inc. (NYSE:XCO) announced that it has signed an agreement to sell its 25% interest in Compass Production Partners, LP and its 50% interest in Compass Production GP, LLC to an affiliate of Harbinger Group, Inc. (NYSE:HRG) for $118.75 million in cash. The effective date of the transaction is August 1, 2014 and it is expected to close during the fourth quarter of 2014. Source: Filing

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