he had bought a 7.6 percent stake in Chesapeake Energy Corp
and called for the natural gas producer to replace at
least four directors, saying the board has failed "in a dramatic
fashion" in its oversight of management.
Friday, May 25, 2012
REFILE-UPDATE 2-Icahn buys Chesapeake stake, seeks board changes
May 25 (Reuters) - Billionaire investor Carl Icahn revealed
he had bought a 7.6 percent stake in Chesapeake Energy Corp
and called for the natural gas producer to replace at
least four directors, saying the board has failed "in a dramatic
fashion" in its oversight of management.
he had bought a 7.6 percent stake in Chesapeake Energy Corp
and called for the natural gas producer to replace at
least four directors, saying the board has failed "in a dramatic
fashion" in its oversight of management.
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