Here’s how other news groups reported the merger of Chesapeake Energy and Southwestern Energy. The New York Times headlined it: Top Natural Gas Producers Announce Multibillion-Dollar Merger The deal, between Chesapeake Energy and Southwestern Energy, would create one of the largest energy producers in the United States. The Wall Street Journal took this view: Chesapeake, …
January 11, 2024 archive
Shareholders have yet to vote on Chesapeake merger
The $7.4 billion merger announced Thursday between Chesapeake Energy and Southwestern Energy, while agreed upon by leaders of the two big natural gas producers, has yet to be finalized by shareholders of the two large firms. Proxy statements are to be filed with the Securities and Exchange Commission where shareholders will have an opportunity …
Chesapeake merges with Southwestern Energy in $7.4 billion deal
Chesapeake Energy is staying in Oklahoma City. It is part of the $7.4 billion merger announced Thursday with Southwestern Energy Company of Houston, Texas. The two formally announced their agreement to merge in an all-stock transaction with a value of $6.69 per share based on Chesapeake’s closing price as of January 10. The announcment …
Energy quick reads
** Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles from its U.S. fleet due to higher expenses related to collision and damage, and will opt for gas-powered vehicles. ** Hawaii shut down its last coal plant on September 1, 2022, eliminating 180 megawatts of fossil-fueled baseload power from the …
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