http://www.fool.com/investing/general/2014/02/16/is-icahn-moving-his-sights-from-apple-to-chesapeak.aspx
Motley Fool reports that Icahn is seeking a $26 billion valuation for CHK. That's close to $40/share. Based on Carl's track record, I'm holding on to my stock until he cashes out. And, Motley overlooked some potential buyers among CHK's existing joint venture partners - these partners know exactly what portions of CHK are worth and may therefore be willing to pay Carl's premium.