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Chesapeake Energy (CHK) plans to spin off its oilfield service business next year in a public...

Chesapeake Energy (CHK) plans to spin off its oilfield service business next year in a public stock offering to establish the value of the unit to investors and pump up the share price of the parent, CEO Aubrey McClendon says. CHK will retain control of the service company’s board and retain as much stock as it can while allowing a liquid market for the public shares, he says.
Comments (2)
  • wyostocks
    , contributor
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    And the main beneficiary of this will be...................
    16 Nov 2011, 06:12 PM Reply Like
  • bigal1
    , contributor
    Comment (1) | Send Message
     
    The only way an investor will benefit is to receive shares in the spin off. How is chkr helping us? Someone let me know. The company seems to chop it up to help themselves. I saw it happen with ATT mobility and bell south years ago.
    16 Nov 2011, 09:54 PM Reply Like
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