The deal was revealed in a filing with US regulators after the market close today as EEP began the process to issue as much as $275 million worth of stock in an initial public offering.
The sale included stakes held by Jamestown Resources and Acadia Resources, two front companies used by Chesapeake founder Aubrey McClendon to amass interests in Chesapeake wells under a controversial compensation programme that has fueled a messy shareholder revolt.
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