Energy Partners Ltd., New Orleans, (NYSE: EPL) has concluded its strategic alternatives process without any definitive offers to buy the company. EPL plans to continue with its strategic plan, augmented by a self-tender offer and the divestment of selected properties for an estimated $125 million to reduce debt. The self-tender offer provides for the repurchase of up to 8.7 million issued and outstanding common shares for approximately $200 million at $23 each. EPL would repurchase approximately 22% of its outstanding common shares.
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