Chesapeake Energy Corporation and Southwestern Energy have agreed to merge in an all-stock transaction valued at $7.4 billion, which will create the biggest U.S. natural gas producer by market value and production. The all-stock deal is valued at $6.69 per share, based on Chesapeake’s closing price on January 10, 2024, Chesapeake said on Thursday. 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. …
