As if a savior finally revealing himself to his people Carl Icahn has walked into Chesapeake Energy Corporation (NYSE:CHK) and instantly changed the fortunes of the ccompany’s investors. The financial maven disclosed last Friday evening that he was holding a 7.6% stake in the company. He also gave indications that he would be taking an activist role in the firm and asked that 4 new directors be appointed to the firm’s board including himself. The 7.6% holding makes him the company’s third largest shareholder. The firm’s shares were already up late last week just on the rumor that Icahn had…
Chesapeake (CHK) Sheds Assets As Icahn Enters Fray
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.