Shares of Chesapeake Midstream Partners L.P. (NYSE: CHKM) soared in trading on Thursday after the company announced that it agreed
to acquire gas gathering assets in Marcellus Shale from Chesapeake Energy
Corporation (NYSE: CHK) for $865 million.
Chesapeake Energy shares rose more than 5% on
Thursday on above average volume. The rally pushed Chesapeake Midstream shares
above their 50-day and 200-day moving averages.
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