Chesapeake, Southwestern Merger Delayed to Second Half of 2024
CHKChesapeake Energy(CHK) Zacks Investment Research·2024-04-08 23:35

Chesapeake Energy (CHK) and Southwestern Energy (SWN) have announced a delay in the completion of their $7.4 billion merger, with the new closing date set for the second half of 2024. Initially, Chesapeake aimed to finalize the acquisition of its smaller rival by the second quarter of 2024. This postponement comes after the Federal Trade Commission (“FTC”) issued a second request for additional information, signifying a deeper review process of the merger. The FTC's request is part of a broader trend of inc ...