Chesapeake Midstream Partners L.P. (CHKM) said it has priced its initial public offering of 21.25 million common units representing limited partner interests at $21.00 per unit.
The underwriters have been granted a 30-day over-allotment option to purchase up to an aggregate of 3.19 million additional common units.
The common units will begin trading on July 29, 2010, on the New York Stock Exchange under the symbol "CHKM." The offering is expected to close on or about August 3, 2010.
Upon completion of the offering, the public will own about 15.1% of outstanding equity, or 17.3% if the underwriters exercise in full their over-allotment option.
Chesapeake Energy Corp. (CHK) and Global Infrastructure Partners will each own a 41.45% limited partner interest in Chesapeake Midstream, and will jointly own and control the general partner of Chesapeake Midstream.
Any common units issued pursuant to the underwriters' over-allotment option would result in a corresponding decrease in Global Infrastructure Partners' ownership interest in CHKM. Any proceeds from such issuance would be distributed to Global Infrastructure Partners.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.