Chesapeake Energy and Southwestern Energy Merger Progresses Amid FTC Review

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The merger, which was initially announced on January 10, 2024, is conditioned on the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. On April 4, both companies received a Second Request for additional information and documentary materials from the FTC, extending the waiting period until 30 days after they have substantially complied with the request. Chesapeake and Southwestern intend to continue working cooperatively with the FTC and expect the merger to be completed in the second half of 2024, subject to other closing conditions including shareholder approvals.

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