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Icahn reports 7.6 pct Chesapeake stake, seeks to replace 4 directors
May 25 (Reuters) - Activist investor Carl Icahn reported a 7.6 percent stake in oil and gas company Chesapeake Energy Corp , and asked for at least four members of its board to be replaced.
The corporate-raider-turned-activist investor wanted 2 board seats for his own representatives and 2 for Chesapeake's largest shareholder Southeastern Asset Management.
Icahn holds 50.1 million shares in the company, according to a regulatory filing.
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