SWN - Why Southwestern Energy Shares Are Down Today | Benzinga
Southwestern Energy Co (NYSE: SWN) shares are trading lower after it announced a merger deal with Chesapeake Energy Corp (NASDAQ: CHK).
Southwestern shareholders will receive 0.0867 shares of Chesapeake common stock for each share at closing. The all-stock transaction is valued at $7.4 billion, or $6.69 per share, based on Chesapeake's closing price on January 10, 2024.
At this exchange ratio and the respective share prices on January 10, 2024, the combined company would have an enterprise value of around $24 billion.
Related: Southwestern Energy And Chesapeake Energy Near $17B Merger: Report
Post closure, shareholders of ...