Chesapeake energy corporation and southwestern energy to combine to accelerate america's energy reach

Oklahoma city and spring, texas , jan. 11, 2024 /prnewswire/ -- chesapeake energy corporation (nasdaq: chk) and southwestern energy company (nyse: swn) today announced that they have entered into an agreement to merge in an all-stock transaction valued at $7.4 billion, or $6.69 per share, based on chesapeake's closing price on january 10, 2024. under the terms of the agreement, southwestern shareholders will receive 0.0867 shares of chesapeake common stock for each share of southwestern common stock outstanding at closing.
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