(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 ...
Chesapeake Energy Corporation (CHK) announced today before the opening bell that it intends to sell its stake in crude oil and natural gas fields situated in Southern Marcellus shale, Pennsylvania, and in the Utica shale in West Virginia. The company will be selling the stake to Southwestern Energy Company (SWN) for $5.4 billion.
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 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.