Chesapeake Energy (CHK) Prices Granite Wash Trust 20M IPO at $19/Unit
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Price: $87.31 -0.01%
Overall Analyst Rating:
NEUTRAL (
Up)
Dividend Yield: 2.4%
EPS Growth %: -84.1%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 2.4%
EPS Growth %: -84.1%
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Chesapeake Energy Corporation (NYSE: CHK) today announced that Chesapeake Granite Wash Trust has priced an initial public offering of 20,000,000 common units at a price of $19.00 per common unit. The units sold represent an approximate 43% beneficial interest in the Trust. The Trust has also granted the underwriters the
option to purchase up to an additional 3,000,000 common units.
option to purchase up to an additional 3,000,000 common units.
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