Chesapeake Energy acquires Southwestern for $7.4bn

Chesapeake Energy and Southwestern Energy Announce $7.4 Billion Merger

Chesapeake Energy Corporation (CHK) and Southwestern Energy Company announced today that their boards have approved a merger valued at $7.4 billion. This all-stock transaction, priced at $6.69 per share, is based on Chesapeake’s closing price on January 10, 2024. The merger will see Southwestern shareholders receive 0.0867 shares of Chesapeake common stock for each share of Southwestern common stock at the closing. The anticipated completion timeframe for the merger is set for the second quarter of 2024.