Chesapeake Energy to buy Southwestern Energy in $7.4 Billion All-Stock Deal

Chesapeake Energy (CHK) and Southwestern Energy (SWN) announced Thursday they will merge to form what will likely be the largest U.S. natural gas producer. CHK is currently the second-largest U.S. independent natural gas-focused exploration and production company behind EQT Corp in market value and output. The CHK/SWN agreement to merge is in an all-stock deal valued at $7.4 billion at $6.69/share, forming a company with an enterprise value of ~$24 billion. Under the deal terms, Southwestern shareholders will receive a … Continue reading “Chesapeake Energy to buy Southwestern Energy in $7.4 Billion All-Stock Deal”