Icahn Reports 7.6% Chesapeake Stake


Activist investor Carl Icahn reported a 7.6 percent stake in oil and gas company Chesapeake Energy Corp , and asked for at least four members of its board to be replaced.

The corporate-raider-turned-activist investor wanted 2 board seats for his own representatives and 2 for Chesapeake's largest shareholder Southeastern Asset Management.

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Icahn holds 50.1 million shares in the company, according to a regulatory filing