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Chesapeake Utilities Corp (CPK.N)

CPK.N on New York Stock Exchange

65.80USD
22 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Chesapeake Utilities says unit begins regulatory process for expansion
Monday, 16 May 2016 06:16pm EDT 

Chesapeake Utilities : Chesapeake Utilities Corp says natural gas transmission subsidiary begins regulatory process for its 2017 expansion project .Proposed 2017 expansion project facilities will provide up to aggregate of 86,437/dpd of additional capacity.  Full Article

Chesapeake Utilities Corp announces quarterly dividend
Wednesday, 4 Nov 2015 03:28pm EST 

Chesapeake Utilities Corp:Declared a quarterly cash dividend of $0.2875 per share on the Company's common stock.Says $0.2875 per share dividend will be paid on January 5, 2016 to all shareholders of record at the close of business on December 15, 2015.  Full Article

Chesapeake Utilities Corp declares quarterly cash dividend
Wednesday, 5 Aug 2015 12:01pm EDT 

Chesapeake Utilities Corp:Declares quarterly cash dividend of $0.2875 per share.Payable on Oct. 5, to all shareholders of record at the close of business on Sept. 15.  Full Article

Chesapeake Utilities Corp names new chairman - Form 8-K
Tuesday, 12 May 2015 05:29pm EDT 

Chesapeake Utilities Corp:Says appointed John R. Schimkaitis to as chairman effective May 6.  Full Article

Chesapeake Utilities Corp completes merger with Gatherco Inc
Wednesday, 1 Apr 2015 04:30pm EDT 

Chesapeake Utilities Corp:Completes merger of Gatherco Inc into Aspire Energy of Ohio, LLC , its newest wholly-owned subsidiary.Transaction had an aggregate value of about $59.2 million.  Full Article

Chesapeake Utilities Corporation announces quarterly dividend
Wednesday, 4 Mar 2015 03:45pm EST 

Chesapeake Utilities Corporation:Declares a quarterly cash dividend of $0.27 per share on Company's common stock.Says $0.27 per share dividend will be paid on April 6 to all shareholders of record at the close of business on March 17.  Full Article

Chesapeake Utilities Corp announces definitive merger agreement to acquire Gatherco, Inc.
Monday, 2 Feb 2015 04:48pm EST 

Chesapeake Utilities Corp and Gatherco, Inc:Says that they have entered into merger agreement, dated as of Jan. 30, 2015 under which Chesapeake Utilities will acquire Gatherco.Upon consummation of transaction, Gatherco will merge into Aspire Energy of Ohio, LLC, wholly-owned subsidiary of Chesapeake Utilities.transaction was approved by Gatherco Board of Directors and by Chesapeake Utilities' Merger and Acquisition Committee.Merger, which is expected to close in second quarter of 2015, is subject to approval by the Gatherco shareholders.Chesapeake Utilities stockholder approval of merger is not required.Transaction has an aggregate value of about $59.2 million, inclusive of following.$49.8 million in exchange for all outstanding shares of Gatherco common stock, paid as follows.593,005 shares of Chesapeake Utilities common stock, valued at $29.9 million, and * $19.9 million in cash (before payment of certain transaction expenses and escrow deposits).$7.7 million in cash in consideration for cancellation of all outstanding Gatherco stock options.Assumption of Gatherco's debt at closing, estimated to be $1.7 million.Gatherco is natural gas infrastructure company providing natural gas midstream services.At close of transaction, Gatherco, as merged into Aspire Energy, will continue to operate as separate business unit.  Full Article

Chesapeake Utilities Corp announces quarterly dividend
Thursday, 6 Nov 2014 12:01pm EST 

Chesapeake Utilities Corp:Declares a quarterly cash dividend of $0.27 per share on the Company's common stock.Payable on Jan. 05, 2015 to all shareholders of record at on Dec. 15.  Full Article

Chesapeake Utilities Corp sells BravePoint, Inc. Subsidiary
Wednesday, 1 Oct 2014 04:42pm EDT 

Chesapeake Utilities Corp:Says it has sold its BravePoint, Inc. (BravePoint) subsidiary, provider of advanced information technology services and solutions, to Progress Software Corporation (Progress) for about $12 mln in cash, which represents about 0.63 times BravePoint's 2013 revenues.Chesapeake will initially use proceeds to retire portion of its short-term debt, but plans to reinvest all of proceeds in its regulated and unregulated energy businesses within next 12 months.Redeployment is expected to generate results that exceed earnings contribution by BravePoint over last 12 months.  Full Article

Progress Software Corp Acquires Chesapeake Utilities Corp's BravePoint
Wednesday, 1 Oct 2014 12:00pm EDT 

Progress Software Corp:Acquires BravePoint, Inc., a Georgia-based subsidiary of Chesapeake Utilities Corporation.  Full Article

BRIEF-Chesapeake Utilities says unit begins regulatory process for expansion

* Chesapeake Utilities Corp says natural gas transmission subsidiary begins regulatory process for its 2017 expansion project