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Bank Of New York Mellon Corporation (NYSE:BK): Closing price $28.87
Chesapeake Energy Corporation (NYSE:CHK) faces a confrontation with investors and a bond trustee regarding its plan to redeem $1.3 billion worth of notes early. In a court filing, investors who own about $250 million of the notes argued that the plan would shortchange them, insisting that the notes are worth more and that the move would violate Chesapeake’s contractual obligations. Bank of New York Mellon also filed court papers against the plan, according to Reuters. BK shares closed up 0.91 percent on Wednesday at $28.87, and have been traded in a 52-week range of $19.30 to $28.72.
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