real-time news and commentary for investors
Monday, May 7
2012, 2:38 PM
Chesapeake's (CHK -0.4%) largest shareholder urges the company to remain open to potential...
Chesapeake's (CHK -0.4%) largest shareholder urges the company to remain open to potential acquisition offers in the wake of Aubrey McClendon's troubles. Southeast Asset Management advises CHK not to use the current price-to-value gap "as an excuse to refuse discussions with any potential acquirers who would be willing to pay a price today that recognizes the longer term value of the company."