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Chesapeake (CHK +1%) goes ahead with its plan to buy back $1.3B of notes early, despite failing...

Chesapeake (CHK +1%) goes ahead with its plan to buy back $1.3B of notes early, despite failing yesterday to persuade a U.S. district judge to force bond trustee BNY Mellon (BK) to accept the plan. Although the judge denied a request for a preliminary injunction, CHK noted he granted "comparable relief" and said CHK was "overwhelmingly" likely to win on the legal merits of its claim.
Comments (1)
  • WHAT???
    15 Mar 2013, 11:06 AM Reply Like
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