Chesapeake Midstream (CHKM) Volatility Lower into Call Following Chesapeake's $2B Stake Sale

June 8, 2012 10:07 AM EDT
Chesapeake Midstream Partners (NYSE: CHKM) shares are higher on the session following the announcement this morning that Chesapeake (NYSE: CHK) is selling all of its Limited Partner Units and General Partner Interests in the unit to Global Infrastructure Partners in a deal valued at $2 billion.

Implied volatility is down about 3.3 percent from Thursday's close, with Chesapeake Midstream shares up 2 percent.

A conference call hosted by CHKM’s management team to discuss GIP’s acquisition has been scheduled for Friday, June 8, 2012 at 11:00 a.m. EDT. The telephone number to access the conference call is 719-325-4841 or toll-free 877-874-1568. The passcode for the call is 3126124.

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