Bidenistas Delay Chessy/Southwestern Merger, Request More Info

This is precisely what companies going through a merger DON'T want to happen. Last Thursday, both Chesapeake Energy and Southwestern Energy, which previously announced a deal to combine back in January (see Deal is Done! Chesapeake & Southwestern Announce $7.4B Merger), received the dreaded "Second Request" for information from regulators at the Federal Trade Commission (FTC) and Dept. of Justice (DOJ), meaning the merger is now delayed from the first half of this year to the second half (i.e., by Dec. 31, 2024). It's not the end of the world, but it's not a good thing, either.

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