Chesapeake Energy ($CHK) and Southwestern Energy ($SWN) have announced a delay in the closing date of their proposed $7.4 billion merger to the second half of the year, following a second request for information from a U.S. regulator. The Federal Trade Commission (FTC) has sought more details, prompting the companies to postpone the merger process. This development comes amid broader scrutiny of mergers and acquisitions in the energy sector by federal authorities.
This administration appears to be killing deals for sport. Chesapeake-Southwestern Deal Delayed Amid Feds Scrutiny of E&P M&A https://t.co/4wDssxttI2
Chesapeake’s $7.4 Billion Southwestern Takeover Delayed by FTC #oott https://t.co/bUjmbJOyBh
Chesapeake’s $7.4 billion takeover of Southwestern Energy has been delayed until the second half of the year https://t.co/44Xqw5Tcmz
Chesapeake, Southwestern delay merger closing after FTC seeks more information https://t.co/Z3HjVKmxnp https://t.co/uINWejgrU1
$CHK $SWN Chesapeake Energy and Southwestern Energy said on Friday the closing date of their proposed $7.4 billion merger has been pushed back to the second half of the year after receiving a U.S. regulator's second request for information. https://t.co/TBRRqqh1Vb
Chesapeake, Southwestern delay merger closing after FTC seeks more information #oott https://t.co/s6XitK7YTk