Chesapeake Energy Corp files Form 10 registration statement for possible spin-off of Chesapeake Oilfield Services

Monday, 17 Mar 2014 09:01am EDT 

Chesapeake Energy Corp:Says Chesapeake Oilfield Operating LLC (COO), its wholly owned subsidiary, has filed a registration statement on Form 10 with the U.S. Securities and Exchange Commission.COO currently conducts the operations of Chesapeake‚Äôs oilfield services division, Chesapeake Oilfield Services.Chesapeake intends for the spin-off to be tax-free to its shareholders for U.S. federal income tax purposes.Chesapeake has retained Morgan Stanley & Co. LLC as its financial advisor in connection with evaluating strategic alternatives for COS. 

Company Quote

0.22 +0.82%
4:01pm EDT