Exco boss Doug Miller, backers in take-private deal

摘要

Exco Resources Inc. (NYSE: XCO) chairman and chief executive Doug Miller, along with a consortium of private-equity backers, has submitted an offer for all remaining shares of the company not owned by Miller for approximately $4.4 billion. On Oct. 29, Miller submitted a letter to the Dallas-based Exco board with an offer to pay $20.50 per Exco share, a 38% premium to the same-day closing price. The bid values the company at approximately $5.15 billion, including some $750 rnillion of net debt.