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SPOTLIGHT

1. NATURAL GAS

Top shareholder opens door to Chesapeake sale

Chesapeake Energy Corp.'s top shareholder today urged CEO Aubrey McClendon and the board of directors to consider selling the company, as the second-largest U.S. natural gas producer struggles to dig itself out of a growing $13 billion debt load. Southeastern Asset Management, based in Memphis, Tenn., and led by Mason Hawkins, sent a letter to McClendon and the board that criticized McClendon's plan for paying off debt and transitioning to higher-priced oil. It opened the door to shareholder support for an acquisition of Chesapeake.

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