Chesapeake Energy (CHK) Adopts Shareholder Rights Plan To Protect Availability Of Its Net Operating Losses
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Chesapeake Energy Adopts Shareholder Rights Plan To Protect The Availability Of Its Net Operating Losses
April 23, 2020 4:15 PM EDTOKLAHOMA CITY, April 23, 2020 /PRNewswire/ --Â Chesapeake Energy Corporation (NYSE: CHK) ("Chesapeake") announced today that its Board of Directors adopted a shareholder rights plan designed to protect the availability of Chesapeake's net operating loss carryforwards ("NOLs") under the Internal Revenue Code ("Section 382 Rights Plan").