Chesapeake energy corporation consolidates haynesville with at- market acquisition of vine energy inc.

Oklahoma city, aug. 11, 2021 /prnewswire/ -- chesapeake energy corporation (nasdaq:chk) ("chesapeake") and vine energy inc. (nyse:vei) ("vine") today announced that they have entered into a definitive agreement pursuant to which chesapeake will acquire vine, an energy company focused on the development of natural gas properties in the over-pressured stacked haynesville and mid-bossier shale plays in northwest louisiana. the acquisition is a zero premium transaction valued at approximately $2.2 billion, based on a 30-day average exchange ratio as of tuesday's close, equating to $15.00 per share.
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