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Stock Market & Financial Investment News

News Breaks
July 1, 2014
07:05 EDTSSE, CHKSeventy Seven Energy completes spin-off from Chesapeake Energy
Seventy Seven Energy (SSE), previously operating as Chesapeake Oilfield Operating, announced the completion of its spin-off from Chesapeake Energy (CHK) into a stand-alone, publicly traded oilfield services business. Following the close of business on June 30, Chesapeake distributed to its shareholders one share of common stock of SSE for every 14 shares of Chesapeake common stock outstanding as of 5:00 pm EDT on June 19, the record date for the distribution. No fractional shares of SSE common stock were issued; however, shareholders entitled to receive a fractional share of SSE common stock in the distribution instead received the cash value of that fractional share. SSE common stock will begin “regular-way” trading under the symbol “SSE” on the New York Stock Exchange on July 1, when markets open. Chesapeake common stock will continue to trade on the NYSE under the ticker symbol “CHK.”
News For SSE;CHK From The Last 14 Days
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September 16, 2014
09:44 EDTSSEMorgan Stanley to hold a summit
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09:33 EDTSSESeventy Seven Energy initiated with an Overweight at Stephens
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September 12, 2014
08:05 EDTCHKChesapeake price target lowered to $30 from $35 at Oppenheimer
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September 9, 2014
13:42 EDTCHKChesapeake must face racketeering charges in Michigan trial, Reuters says
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07:18 EDTSSEStephens to hold an investor trip
Energy: Oilfield Services Investor Plane Trip travels throughout Texas and Oklahoma on September 9-10.

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