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Stock Market & Financial Investment News

News Breaks
December 11, 2012
17:44 EDTWMB, CHK, ACMPWilliams to invest $2.4B in ACMP, ACMP acquires Chesapeake assets for $2.16B
Williams (WMB) Agrees to Acquire 50% Interest in Access Midstream Partners GP (ACMP), and Approximately 25% of the Limited Partner Units of Access Midstream Partners, LP for Approximately $2.4B; ACMP to Acquire Most of Chesapeake's (CHK) Remaining Gathering & Processing Assets for $2.16B. Following the Access Midstream transaction, Williams and GIP, each 50% percent owners of Access GP, will have equal governance rights; ACMP will be governed by its board in accordance with its governance documents. Williams will have the right, upon closing of the transactions announced today, to appoint certain of its representatives as directors to Access GP's board.
News For WMB;ACMP;CHK From The Last 14 Days
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April 14, 2015
10:31 EDTCHKAELP says McClendon did not approve Chesapeake settlement
Aubrey McClendon and American Energy Partners, LP responded to the announcement by American Energy Utica and The Energy & Minerals Group that Chesapeake Energy (CHK) has dismissed AEU and the John Doe Defendants 1-20 from the lawsuit filed by Chesapeake on February 17. The statement read, "AEU apparently chose to settle with Chesapeake before any discovery was taken, evidently for the business purpose of mitigating further damage that Chesapeake's litigation has been having on AEU's business and financing activities. AEU has the right to resolve the case in this fashion, but this resolution should not be mistaken as reflecting an informed view of the merits of Chesapeake's claims or a concession of any liability by any party to Chesapeake. Although Mr. McClendon is a director and the single largest non-institutional shareholder in AEU, he did not approve the settlement and neither he nor AELP were advised of the negotiated terms of this settlement. AELP and Mr. McClendon will continue their efforts to have the dispute arbitrated as required by Mr. McClendon's agreements with Chesapeake. As he will show in the appropriate forum, Mr. McClendon rightfully possesses an extensive array of information about more than 16,000 wells, and the related leasehold acreage and future wells, he jointly owns with Chesapeake, including land, well, title, accounting, geological, engineering, reservoir, operating, marketing, and performance information. Mr. McClendon's well-documented agreements with Chesapeake gave him the right to own and use this information for his own purposes, including sharing it with his employees, contractors, advisors, consultants and affiliated entities."
10:16 EDTCHKAmerican Energy - Utica dismissed from Chesapeake lawsuit
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April 6, 2015
08:05 EDTWMBWilliams Partners to acquire additional interest in UEO Midstream for $575M
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