Chesapeake Eyes Pipeline Sale for More Than $4 Billion
June 05 2012 - 8:00PM
Dow Jones News
Chesapeake Energy Corp. (CHK) is in advanced talks to sell all
of its interests in Chesapeake Midstream Partners LP (CHKM) and
other pipeline assets to Global Infrastructure Partners, Bloomberg
News reported on its website Wednesday, citing two people with
knowledge of the matter.
The talks could lead to a deal within days, but could also fall
apart, Bloomberg reported the people as saying. If successful, the
transactions could raise more than $4 billion, they said.
Michael Kehs, a spokesman for Chesapeake, declined to comment,
while a spokesman for GIP didn't immediately return a call,
Bloomberg said.
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