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Chesapeake issues 18.8M shares to buy preferred shares
Jan. 20, 2017 7:22 AM ET|About: Chesapeake Energy Corpo... (CHK)|By: SA Eli Hoffmann, SA News Editor
Chesapeake Energy (NYSE:CHK) entered into privately negotiated purchase and exchange agreements under which it has issued or has agreed to issue an aggregate of 18.79M shares of common stock in exchange for 151K shares of 5.00% Cumulative Convertible Preferred Stock (Series 2005B), (ii) 95.6K shares of 5.75% Cumulative Convertible Preferred Stock, and (iii) 82.4K shares of 5.75% Cumulative Convertible Preferred Stock (Series A).
CHK fell 5.2% yesterday.
Source: 8-K
Jan. 20, 2017 7:22 AM ET|About: Chesapeake Energy Corpo... (CHK)|By: SA Eli Hoffmann, SA News Editor
Chesapeake Energy (NYSE:CHK) entered into privately negotiated purchase and exchange agreements under which it has issued or has agreed to issue an aggregate of 18.79M shares of common stock in exchange for 151K shares of 5.00% Cumulative Convertible Preferred Stock (Series 2005B), (ii) 95.6K shares of 5.75% Cumulative Convertible Preferred Stock, and (iii) 82.4K shares of 5.75% Cumulative Convertible Preferred Stock (Series A).
CHK fell 5.2% yesterday.
Source: 8-K