(Reuters) - Billionaire investor Carl Icahn, one of the largest shareholders in natural gas producer Chesapeake Energy Corp , has raised his stake in the embattled company to 8.9 percent, a regulatory filing shows.
(Reuters) - Activist investor Carl Icahn reported a 7.6 percent stake in oil and gas company Chesapeake Energy Corp , and asked for at least four members of its board to be replaced. The corporate-raider-turned-activist investor wanted 2 board seats for his own representatives and 2 for Chesapeake's largest shareholder Southeastern Asset Management. Icahn holds 50.1 million shares in the company, according to a regulatory filing. (Reporting by Divya Lad in Bangalore; Editing by Sriraj Kalluvila)
(Reuters) - Activist investor Carl Icahn said he had raised his stake in speech recognition software maker Nuance Communications Inc to 16.9 percent and that he may discuss the possibility of adding his nominees to the company's board.
Activist investor Carl Icahn said he had raised his stake in speech recognition software maker Nuance Communications Inc to 16.9 percent and that he may discuss the possibility of adding his nominees to ...
China Petroleum & Chemical Corp (Sinopec) , Asia’s largest oil refiner, will buy half of Chesapeake Energy Corp’s Mississippi Lime oil and gas properties for $1.02 billion, becoming the latest Chinese company to pick up shale assets in North America.
Chesapeake shares were up 2% at $20.90 in premarket trading on Monday. The stock has risen about 23% this year.
Output from shale fields in the United States and Canada has jumped over the last three years due to the advent of drilling methods such as hydraulic fracturing.
By Achilles Research:Shares of Chesapeake Energy (CHK) reached a new one-year high on Friday at $28.47 supported by a good earnings season that helped lift equities in a variety of sectors. Chesapeake Energy also got on the radar in August as Carl Icahn increased his stake in the second largest natural gas player in the US to 9.98 %.
By Vince Martin:The tattered reputation of Chesapeake Energy (CHK) CEO Aubrey McClendon took another hit this week when Reuters reported that McClendon had traded e-mails with executives at rival Encana Corp.