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Chesapeake Jumps After Cooperating in Shale Bid-Rigging Probe

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Evercore's Altman: McClendon Leader of Shale Revolution

Chesapeake Energy Corp. is heading for the biggest two-day increase in its history after U.S. federal prosecutors rewarded the natural gas driller with immunity from prosecution in an antitrust case against its former CEO.

Shares rose 23 percent to $4.17 at 11:20 a.m. in New York and are up 51 percent since March 1.