A special committee of the Exco Resources Inc (XCO.N) board said on Friday that it had ended a review of strategic alternatives for the U.S. oil and gas company because no deal was struck. Shares of Exco fell 5.9 percent to $15.67 in early afternoon New York Stock Exchange trading.
EXCO Resources, Inc.(EXCO) is an independent oil and natural gas company engaged in the exploration, exploitation, development and production of onshore North American oil and natural gas properties. Shares of XCO fell by 5.65% or $-0.94/share to $15.70. In the past year, the shares have traded as low as $13.25 and as high as $21.04. On average, 2603890 shares of XCO exchange hands on a given day and today's volume is recorded at 3527822.
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