Chesapeake and Southwestern Announce Merger Agreement

Details

Under the terms of the agreement, Southwestern shareholders will receive 0.0867 shares of Chesapeake common stock for each share of Southwestern common stock. The merger, which is subject to shareholder and regulatory approvals, is expected to close in the second quarter of 2024. The combined company will have a new name and headquarters in Oklahoma City, with a presence in Houston. The merger is expected to create industry-leading natural gas portfolios, synergies, and a strong investment-grade balance sheet.

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