Chesapeake HSR Paperwork to Buy Southwestern Pulled & Refiled

In early January, Chesapeake Energy and Southwestern Energy, two companies with major assets in the country’s two leading gas plays — the Marcellus/Utica and the Haynesville — announced an agreement to merge into one company (see Deal is Done! Chesapeake & Southwestern Announce $7.4B Merger). Such a merger would create the country’s largest natural gas producer, bypassing EQT for the top slot. The deal is supposed to be completed in the second quarter of this year, but that all depends on a review by the Federal Trade Commission and Dept. of Justice (populated with Bidenistas). There's already rumored to be a wrinkle in the review process. Not a setback, just a wrinkle, a slight delay, so far.

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