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Chesapeake converts all of its 5% cumulative convertible preferreds
By Devika Patel
Knoxville, Tenn., May 14 - Chesapeake Energy Corp. caused the conversion of all 5,000 shares of its 5% cumulative convertible preferred stock on May 3, according to an 8-K filed Friday with the Securities and Exchange Commission.
The preferreds were converted into 20,774 common shares.
Chesapeake Energy is an Oklahoma City-based independent producer of natural gas.
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