WL Ross Bumps Up EXCO Stake
August 11, 2011- Share:
WL Ross & Co. has bumped up its ownership interest in EXCO Resources (NYSE: XCO) to 12%. According to a standstill agreement between the two parties, WL Ross can only own up to 20% of the company's outstanding common shares. EXCO is an oil and natural gas exploration, exploitation, development and production company.
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