Sinopec Is Said Mulling Large Buy of Chesapeake Energy Assets -FT

Date : 06/20/2012 @ 11:36AM
Source : Dow Jones News
Stock : Chesapeake Energy Corp. (CHK)
Quote : 5.26  -0.03 (-0.57%) @ 6:38PM

Sinopec Is Said Mulling Large Buy of Chesapeake Energy Assets -FT

Chesapeake (NYSE:CHK)
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China Petroleum & Chemical Corp. (0386.HK), or Sinopec, is considering a multi-billion-dollar purchase of Chesapeake Energy Corp. (CHK) assets, and has conducted due diligence on the matter, the Financial Times reported Wednesday on its website, citing people familiar with the move.

Sinopec Chairman Fu Chengyu was in Oklahoma this week as part of the company's due diligence, the newspaper reported.

Full story at: www.ft.com/intl/cms/s/0/0e8ac61a-bac5-11e1-81e0-00144feabdc0.html#axzz1yLOpWbL2

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