Energy XXI Gulf Coast Retains Morgan Stanley to Assist with Strategic Plan
ENERGY XXI GULF COAST (EXXI)
Last energy xxi gulf coast earnings: 11/14 06:00 am
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US:NASDAQ Investor Relations:
ir.energyxxi.com
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Source: GlobeNewswire
HOUSTON, March 20, 2017 (GLOBE NEWSWIRE) -- Energy XXI Gulf Coast, Inc. (“EGC” or the “Company”) (NASDAQ:EXXI) today announced that it has retained Morgan Stanley & Co. LLC to assist the Company’s Board of Directors and senior management team with the evaluation, development and implementation of a strategic plan, including a stand-alone financial plan and select strategic alternatives. The decision to retain a financial advisor follows the successful completion of its financial restructuring process, senior executive team transition and re-listing on NASDAQ. "Our Board of Directors is committed to enhancing value for our stockholders," said Michael S. Reddin, the Company’s Chairman of the Board, Interim Chief Executive Officer and President. “Our Board and senior management team continue to be excited about the opportunities we see to exploit the Company’s material asset base and improve margins, combining to create significant stockholder value in the coming months and years. Wo
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