Chesapeake (CHK) announces an agreement with its two largest shareholders, Southeastern Asset...

|About: Chesapeake Energy Corporation (CHK)|By:, SA News Editor

Chesapeake (CHK) announces an agreement with its two largest shareholders, Southeastern Asset Management and Carl Icahn, to reconstitute its Board of Directors by replacing four directors with three new directors selected by Southeastern and one by Icahn. Aubrey McClendon remains CEO. CHK +2.7% premarket.