Chesapeake Energy has been promising investors that the deal would come to fruition, but most analysts thought the deal wouldn't be announced until the first quarter of 2013. However, management finalized the deal before Christmas, sending the company's remaining midstream assets to ACMP in return for $2.16 billion. This deal will put Chesapeake on pace to close 2012 with a net debt around $9.5 billion, meeting management's two-year debt reduction plan. Will this first milestone be the kick start Chesapeake needs?
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