Eskimo Joe's to close city site
Eskimo Joe's will close its Penn Square Mall store as of Dec. 28, the retailer announced Monday. The Stillwater-based company has leased space at the Oklahoma City mall for at least 17 years but was in a temporary store for the last several years. Brighton Collectibles will relocate to the former Eskimo Joe's while its store is remodeled. Eskimo Joe's currently has temporary holiday shops at Quail Springs Mall, Sooner Mall in Norman, Mountain View Mall in Ardmore, Shawnee Mall in Shawnee and Oakwood Mall in Enid.
Gulfport will expand holdings
Gulfport Energy Corp. has struck a deal to acquire an additional 30,000 acres in Ohio's Utica Shale for about $300 million, the company announced Monday. The deal, which includes 14 existing wells, would boost Gulfport's holdings there to about 137,000 gross acres. Gulfport also announced a public offering of 9 million shares of common stock meant to help finance the acquisition. Underwriters will be able to purchase an additional 1.35 million shares.
Chesapeake to pay dividends
Chesapeake Energy Corp. announced Monday it will pay quarterly dividends on its common and preferred stock. Holders of the company's common stock will receive dividends of 8.75 cents a share on Jan. 31. Dividends on Chesapeake's preferred stock will range from $1.125 to $14.375 a share, payable on Feb. 15 or March 15.