Chesapeake, Southwestern Received Second FTC Request, Extending Merger Review; Now Expected Merger Will Be Completed In H2 2023
Portfolio Pulse from Charles Gross
Chesapeake and Southwestern have received a second request from the FTC, extending the review period of their merger. The completion of the merger is now anticipated to occur in the second half of 2023.
April 05, 2024 | 10:12 am
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NEUTRAL IMPACT
Chesapeake's merger with Southwestern is delayed due to a second FTC request, now expected to complete in H2 2023.
The delay in the merger due to regulatory review could lead to short-term uncertainty for Chesapeake's stock. However, the eventual completion of the merger is still anticipated, which tempers the potential negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Southwestern's merger with Chesapeake is delayed, with completion now expected in the second half of 2023.
The extended FTC review introduces short-term uncertainty for Southwestern's stock. However, the merger's eventual completion is still expected, mitigating the immediate negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80