EXCO Resources XCO today
announced that, subject to applicable regulatory approvals, it intends
to conduct a rights offering, which will allow the Company to raise
equity capital through the sale of its common shares. Certain terms of
the rights and the record date to determine those shareholders entitled
to receive the rights will be announced at a later date.
In connection with this offering, the Company anticipates that it will
distribute, at no charge, to its common shareholders, one subscription
right for every four shares of common stock held of record as of the
record date (currently approximately 54.6 million rights). Each
subscription right will entitle the holder thereof to purchase one
See full press release
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in