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Harbinger Group, Exco Resources Team Up In Texas, Louisiana Conventional Plays

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Business Wire
November 5, 2012

Dallas-based EXCO Resources, Inc. (XCO) has announced a definitive agreement with Harbinger Group Inc. (HRG) whereby EXCO will contribute its conventional non-shale assets in East Texas and North Louisiana and its shallow Canyon Sand and other miscellaneous assets in West Texas to a limited partnership with HGI. In exchange for the contribution of its assets, EXCO will receive cash consideration of $597.5 million, subject to customary purchase price adjustments to reflect an effective date of July 1, 2012, a 24.5% limited partner interest in the partnership and a 50% interest ...

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