Rex Energy Announces Sale of Illinois Basin Asset
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Rex Energy (REXX) to Sell Illinois Basin Assets in ~$50M Deal
June 14, 2016 4:09 PM EDTRex Energy (Nasdaq: REXX) announced that it entered into a purchase and sale agreement with Campbell Development Group, LLC (Campbell) pursuant to which Campbell will acquire the companys Illinois Basin assets. Rex Energy is selling its entire interest in the basin and expects to receive proceeds at closing of approximately $40 million (prior to customary closing and post-closing... More
