Chesapeake Midstream Partners, L.P. Announces Name Change to Access Midstream Partners, L.P. & Change in NYSE Ticker Symbol t...
24 7월 2012 - 8:00PM
Business Wire
Chesapeake Midstream Partners, L.P. (NYSE:CHKM) today announced
that the Board of Directors of its general partner has approved
changing the Partnership’s name to Access Midstream Partners, L.P.
The Board has also approved changing the Partnership’s ticker
symbol for its common units traded on the New York Stock Exchange
to “ACMP.” The new ticker symbol is effective today, July 24, 2012
prior to the opening of the exchange. The Partnership will also
launch its new website this morning at
www.accessmidstream.com. No action is required by
unitholders as a result of these changes.
J. Mike Stice, Chief Executive Officer of the Partnership’s
general partner, commented, “Today’s announcement is another
milestone in the history of the Partnership. On June 29, 2012,
Global Infrastructure Partners completed the acquisition of
Chesapeake Energy Corporation’s ownership interest in the
Partnership. Now, as a fully independent publicly traded
partnership, we are completing the ownership transition process by
announcing our new Partnership name. The Board of Directors and the
management team believe the new name reflects the Partnership’s
ability to provide producers reliable access to quality downstream
markets and to provide investors access to growth in distributions
and superior total returns.”
Three new directors were also appointed to the Board: J. Mike
Stice; Robert S. Purgason, Chief Operating Officer of the
Partnership’s general partner; and William J. Brilliant, Principal
of Global Infrastructure Partners. These new directors join the
directors remaining on the Board, including David A. Daberko,
Domenic J. Dell’Osso, Jr., Philip L. Frederickson, Matthew C.
Harris, Suedeen G. Kelly and William A. Woodburn. Information about
each of the Board’s newly appointed and continuing directors is
available on the Partnership’s website.
Access Midstream Partners, L.P. (NYSE:ACMP) is the industry’s
largest gathering and processing master limited partnership as
measured by throughput volume and owns, operates, develops and
acquires natural gas gathering systems and other midstream energy
assets. Headquartered in Oklahoma City, the Partnership's
operations are focused on the Barnett Shale, Haynesville Shale,
Marcellus Shale and Mid-Continent regions of the U.S. The
Partnership’s common units are listed on the New York Stock
Exchange under the symbol ACMP. Further information is
available at www.accessmidstream.com where the
Partnership routinely posts announcements, updates, events,
investor information and presentations and all recent press
releases.
This press release includes forward-looking statements.
Forward-looking statements give our current expectations or
forecasts of future events. They include but are not limited to our
business strategy and plans and objectives for future operations as
well as our future financial and operating results. We caution you
not to place undue reliance on our forward-looking statements,
which speak only as of the date of this release, and we undertake
no obligations to update this information. Although we believe the
expectations and forecasts reflected in these and other
forward-looking statements are reasonable, we can give no assurance
they will prove to be correct. They can be affected by inaccurate
assumptions or by known or unknown risks and uncertainties. Factors
that could cause actual results to differ materially from expected
results are described under “Risk Factors” in our 2011 Annual
Report on Form 10-K.
Access Midstream Partners L.P. (NYSE:CHKM)
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Access Midstream Partners L.P. (NYSE:CHKM)
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