Exclusive: Texas fund EMG halts new deals with indicted McClendon

March 2, 2016 6:02 PM

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Exclusive: Texas fund EMG halts new deals with indicted McClendon

HOUSTON Private equity fund Energy & Minerals Group told investors on Wednesday it will stop entering new deals with Aubrey McClendon, the former chief executive officer of Chesapeake Energy Corp (CHK.N), a day after the U.S. government charged him with breaking antitrust laws.

In a letter to investors seen by Reuters, EMG's Managing Partner John Raymond said his fund would "cease any and all new business activities" with McClendon, a legend in the U.S. energy industry.

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