Reuters: Mergers News: Chesapeake in talks on $4 bln pipeline sale-Bloomberg

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Chesapeake in talks on $4 bln pipeline sale-Bloomberg Jun 6th 2012, 00:49 June 5 | Tue Jun 5, 2012 8:49pm EDT June 5 (Reuters) - Chesapeake Energy Corp is in advanced talks to sell almost all of its pipeline assets for more than $4 billion to Global Infrastructure Partners, Bloomberg reported, citing sources with knowledge of the matter. The second-largest U.S. natural gas producer is discussing selling all of its interests in Chesapeake Midstream Partners LP as well as other pipeline assets, Bloomberg reported. The talks could result in a deal within days although there was a risk negotiations could also fall apart, the report quoted the sources as saying. Chesapeake could not be reached for comment outside of U.S. business hours. A spokesman for Global Infrastructure Partners declined to comment on the report.

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