Four Firms Advise on Chesapeake Energy's Latest Asset Sale

The embattled Oklahoma City–based company has agreed to sell a chunk of its oil and gas assets to China's state-owned Sinopec in a $1.02 billion deal aimed at helping Chesapeake cope with its falling earnings and mounting debt. Commercial Law Group, Thompson & Knight, Wachtell, and Wilmer all have roles in the deal.

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