Chesapeake Closes $7.4B Southwestern Deal to Create Expand Energy
Transaction Type
Sellers
Buyers
Basin
Appalachia Basin
Field
Haynesville Shale
Announce Date
Post Date
Close Date
Estimated Price
0MM
Description
Chesapeake Energy Corp. has closed on its $7.4 billion takeover of Southwestern Energy Co.
The all-stock merger agreement was valued at $7.4 billion, or $6.69 per share, based on Chesapeake's closing price on Jan. 10, 2024.
The combined company, rebranded as Expand Energy, will publicly trade as “EXE” on the NASDAQ exchange.