24/7 Wall St.
12-29-2011, 08:30 AM
24/7 Wall St. Daily News
As part of its efforts to raise cash and pay down debt, Chesapeake Energy Corp. (NYSE: CHK) has sold its Appalachia Midstream Services subsidiary to Chesapeake Midstream Partners L.P. (NYSE: CHKM) for total consideration of $856 million. Following the sale, Chesapeake Energy will own about 46% of the limited partnership units of Chesapeake Midstream. Appalachia [...]
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As part of its efforts to raise cash and pay down debt, Chesapeake Energy Corp. (NYSE: CHK) has sold its Appalachia Midstream Services subsidiary to Chesapeake Midstream Partners L.P. (NYSE: CHKM) for total consideration of $856 million. Following the sale, Chesapeake Energy will own about 46% of the limited partnership units of Chesapeake Midstream. Appalachia [...]
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