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Stock Market & Financial Investment News

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December 23, 2013
16:20 EDTXTEXGSO Crosstex Holdings reports 16.4% stake in Crosstex Energy LP
The Purchaser purchased the Preferred Units under the Purchase Agreement for investment purposes. In addition, pursuant to the Board Representation Agreement, dated January 19, 2010, among the Purchaser, the company and certain affiliates of the company, the Purchaser will receive a seat on the Board of Directors of Crosstex Energy GP, the general partner of the general partner of the company, expanding the size of Crosstex Energy GPís Board of Directors from seven to eight members. As of the date hereof, D. Dwight Scott is the Purchaserís appointee on the Board of Directors of Crosstex Energy GP. GSO Crosstex intends to review on a continuing basis the GSO Fundsí investment in the company.
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