Chesapeake CEO Says Southwestern Buyout Will Close Early 4Q

In January, Chesapeake Energy, now helmed by Nick Dell'Osso, announced a deal to buy out and merge with competitor Southwestern Energy for $7.4 billion (see Deal is Done! Chesapeake & Southwestern Announce $7.4B Merger). In April, the Bidenistas at the Federal Trade Commission (FTC) and Dept. of Justice (DOJ) sent the dreaded "Second Request" for information (see Bidenistas Delay Chessy/Southwestern Merger, Request More Info). The Second Request automatically delayed the merger from the first half of 2024 to the second half. We are finally near the tail end of the government's delay tactics. At yesterday's Gastech event in Houston, Dell'Osso said the merger deal will close "early in the fourth quarter."

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