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The Tell: Chesapeake Energy’s stock plunges as Carl Icahn loses interest

Shares of Chesapeake Energy Corp. plunged in active trade Tuesday, as Carl Icahn appears to be losing interest in the natural gas and oil company after years of being one of its biggest supporters.

The company CHK, -5.89% disclosed in a regulatory filing that Vincent Intrieri, a senior managing director at Icahn Capital, had resigned from the board of directors, effective Monday. That left Chesapeake’s board without an Icahn representative since Intrieri joined in June 2012.

His resignation comes a week after Icahn disclosed that he had sold 37.7 million shares, or more than half of his Chesapeake holding, to bring his stake down to 35.3 million shares, or 4.55% of the shares outstanding.

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