News Formal

Southwestern Energy’s stock surges on report of acquisition talks with Chesapeake Energy

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Wallace Witkowski came to MarketWatch from the Associated Press in New York, where he covered the business of Big Pharma, after covering FDA regulation of many of the same companies, as well as medical devices, in the Washington, D.C., area.

Southwestern Energy Co. SWN, +7.38% shares surged Tuesday following a report that Chesapeake Energy Corp. CHK, +0.67% is looking to buy the natural-gas producer. Southwestern Energy shares rallied more than 7% to an intraday high of $7.

33, following a Reuters report that Chesapeake and Southwestern are in preliminary talks, according to sources close to the matter. A combined company — $7.9 billion Southwestern and $11.75 billion Chesapeake — would overtake $18 billion EQT Corp. EQT, +1.48% as the largest U.S. natural-gas producer by market cap, according to FactSet. Chesapeake shares rose less than 1%, and EQT shares rose 2%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Energy Market Risks of Israel-Hamas War Are GrowingThe Israel-Hamas war hits a global economy in flux, Karen Young writes in a guest commentary.
Source: MarketWatch - 🏆 3. / 97 Read more »