Chesapeake Energy (CHK) won't be re-incorporating in Delaware after all, as the Oklahoma...

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

Chesapeake Energy (CHK) won't be re-incorporating in Delaware after all, as the Oklahoma legislature reverses a law requiring staggered terms for board members. Despite the law, activist shareholders managed to replace most of CHK's board last year; with the new board in place, CHK reversed its stance and said it would seek in re-incorporate in Delaware if the law wasn't overturned.