Actually, I believe it was his sells that brought the stock back down to $12... The article even makes the comment that he sold some of his better holdings to protect gains. Didn't site any negative reasons.
Liza, my comment was early on... My first thought was that before the new MLP was formed that Crosstex would first combine EX and XI.... MY MISTAKE... As far as the spread, XI benefits on IDRs immediately... I figured out my own answer.. Thanks.