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-0.000263365815117145 -0.000526731630234291 0.000395048722675812 0.000263365815117333 0.00230445088227563 0.00987621806689492 0.0121806689491705 0.00915196207532272
Stock impact report

Chesapeake Energy's Merger Deal to Close Early in Q4 2024 [Yahoo! Finance]

Chesapeake Energy Corporation (CHK) 
Last chesapeake energy corporation earnings: 2/26 07:00 am Check Earnings Report
US:NYSE Investor Relations: chk.com/investors
Company Research Source: Yahoo! Finance
Chesapeake Energy Corporation CHK has announced that the pending merger with Southwestern Energy SWN is anticipated to close early in the fourth quarter of this year. Chesapeake Energy had announced the acquisition of rival natural gas firm Southwestern Energy in an all-stock deal, in January 2024. The deal was valued at approximately $7 billion. The acquisition was originally anticipated to be closed by the end of the second quarter. However, the U.S. Federal Trade Commission's (FTC) request for additional information on the transaction postponed the deal. Chesapeake Energy CEO Dell'Osso commented on the current state of the U.S. natural gas market, mentioning that it is oversupplied at present. In this situation, he believes that the company should be cautious about its overall supply strategy. The post-merger company will adjust the supply as and when the management believes that the oversupply issue has been resolved. A situation of oversupply in the market is believed to n Show less Read more
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