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Stock Market & Financial Investment News

News Breaks
February 18, 2014
08:44 EDTEXH, EXLPExterran announces retirement of CFO William M. Austin
Exterran Holdings (EXH) announced that the company’s CFO, William M. Austin, has decided to retire effective April 4. Until his retirement, he will continue to oversee his current responsibilities and assist in transition planning. The company has engaged Crist Kolder Associates to conduct a search for a successor. Austin also plans to retire as Senior Vice President and director of Exterran GP LLC, the managing general partner of Exterran Partners (EXLP), effective as of April 4, 2014.
News For EXH;EXLP From The Last 14 Days
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November 17, 2014
06:31 EDTEXHExterran to host conference call
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06:07 EDTEXHExterran reports financial, capital structure for spin off
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06:04 EDTEXHExterran to spin off international, fabrication businesses
The board of Exterran Holdings (EXH) announced that it has unanimously authorized management to pursue a plan to separate the company's international contract operations, international aftermarket services and global fabrication businesses into a standalone, publicly traded company, resulting in two independent companies. Upon completion of the transaction, Exterran Holdings, referred as RemainCo, will be a pure-play U.S. compression services business. RemainCo will hold interests in Exterran Partners, L.P. (EXLP), referred as SpinCo, which include the sole general partner interest and certain limited partner interests that together currently represent a 37 percent ownership interest in Exterran Partners, as well as all of the incentive distribution rights in Exterran Partners. In addition, RemainCo will own and operate the remaining U.S. contract operations and U.S. aftermarket services businesses currently owned by Exterran Holdings. The operations of Exterran Partners will not be affected by the transaction. SpinCo’s businesses will consist of Exterran Holdings’ current international contract operations and aftermarket services businesses, with operations in Latin America and parts of the Eastern Hemisphere, and its global fabrication business.

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