News Formal

Chesapeake Considers Acquisition of Rival Southwestern Energy

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 50%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Chesapeake Energy Corp. is considering an acquisition of rival natural gas producer Southwestern Energy Co., according to people familiar with the matter.

Chesapeake has held on-and-off discussions with Southwestern for months about a potential combination, said one of the people, who asked to not be identified because the matter isn’t public. No final decision has been made, and Chesapeake could opt against pursuing a deal, the people said.

Southwestern rose 8.3% to close at $7.32 in New York trading Tuesday, giving it a market value of about $8.1 billion. Chesapeake rose 0.7% to $89.59, giving it a market value of about $12 billion.

 

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

 /  🏆 83. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Wyndham rejects Choice buyout, Adidas, Chesapeake Energy: Top StocksWyndham Hotels & Resorts (WH) rejects Choice Hotels International's (CHH) $7.8 billion buyout bid. Athleticwear brand Adidas (ADDYY) is raising its guidance ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »