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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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August 25, 2014
16:29 EDTSSEOwl Creek reports 5.8% passive stake in Seventy Seven Energy
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August 18, 2014
06:44 EDTCHKNatural gas companies worried about regulatory outlook, The Hill says
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