Chesapeake Energy on Thursday named its new chairman and debuted a reworked board of directors, bowing to shareholders demanding increased oversight and a change in the Oklahoma City natural gas giant’s corporate leadership. The shake-up — which has been expected for weeks — is important to shareholders, and the changes could impact employees and ordinary Oklahomans. [...]
The Oklahoma City natural gas giant has agreed to replace four board members with candidates proposed by its two largest shareholders. Southeastern Management Co., which has a 13.6 percent stake in Chesapeake, will propose three new directors; Billionaire activist investor Carl Icahn, who recently purchased a 7.6 percent stake, will propose one. A fifth board [...]
Billionaire investor Carl Icahn now has a 7.56 percent stake in Chesapeake Energy, according to paperwork just filed with the Securities and Exchange Commission. Icahn’s buy-in has been expected for weeks. The besieged Oklahoma City natural gas giant’s stock has ticked up about 10 percent this week on rumors of the activist investor’s interest. Shares [...]
Nothing is official, but rumors circulated Monday that billionaire activist investor Carl Icahn is after a stake in Oklahoma City’s besieged natural gas giant. This would be Icahn’s second dance with Chesapeake. He invested in 2010 and cashed out that same year, after the company’s stock had increased by 50 percent in six months, CEO [...]
StateImpact seeks to inform and engage local communities with broadcast and online news focused on how state government decisions affect your lives.
Learn More »