Chesapeake Energy (CHK) Up on BP Takeover Speculation
According to reports from Bloomberg, today's rise in shares of natural-gas company Chesapeake Energy Corp. (NYSE: CHK) is related to speculation BP Plc (NYSE: BP) could be interested in making a bid for the company.
Shares of Chesapeake Energy are currently up 8% to $24.77, on heavier-than-normal volume. Shares have dropped 45% over the last three months, exacerbated by the fact that CEO Aubrey McClendon was forced to sell nearly all his stock in the company due to margin calls.
Create E-mail AlertRelated Categories
Insiders' BlogRumors
Stocks Mentioned
-0.42Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
