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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