November 20, 2012 / 12:37 PM / 5 years ago

Carl Icahn raises stake in Chesapeake Energy

(Reuters) - Billionaire investor Carl Icahn, one of the largest shareholders in natural gas producer Chesapeake Energy Corp (CHK.N), has raised his stake in the embattled company to 8.9 percent, a regulatory filing shows.

Chesapeake Energy Corporation's 50 acre campus is seen in Oklahoma City, Oklahoma, on April 17, 2012. From a single 6,000-square-foot building in 1989, the multi-building complex today contains almost one million square feet of office space and includes employee perks like on-site Botox treatments at the headquarters. Chesapeake Energy Corp. CEO Aubrey McClendon is one of the most successful energy entrepreneurs of recent decades. But he hasn't always proved popular with shareholders of the company he co-founded, the second-largest natural gas producer in the United States. Now, a series of previously undisclosed loans to McClendon could once again put Chesapeake's CEO and shareholders at odds. Picture taken April 17, 2012. REUTERS/Steve Sisney

    Icahn earlier reported a 7.56 percent stake in the company.

    Along with investor Mason Hawkins, Icahn controls the company’s nine-member board of directors.

    Reporting by Swetha Gopinath in Bangalore; Editing by Maju Samuel

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