Chesapeake, Southwestern to Merge as New Gas Behemoth
Updated Jan. 11, 2024 7:14 am ET
Chesapeake Energy and Southwestern Energy agreed to merge in an all-stock transaction valued at $7.4 billion that would create one of the largest natural-gas producers in the U.S.
The companies on Thursday said the value is based on Chesapeake’s closing price as of Wednesday.
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