Chesapeake Energy, Southwestern Energy Report Expiration Of Waiting Period In Connection With Pending Combination Under HSR Act; Expect The Merger To Close In First Week Of October
Portfolio Pulse from Benzinga Newsdesk
Chesapeake Energy and Southwestern Energy have announced the expiration of the waiting period under the HSR Act for their pending merger. The merger is expected to close in the first week of October, after which the combined entity will be named Expand Energy Corporation and trade on NASDAQ under the ticker 'EXE'.
September 26, 2024 | 9:39 am
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POSITIVE IMPACT
Chesapeake Energy's merger with Southwestern Energy is progressing, with the waiting period under the HSR Act expired. The merger is expected to close in early October, forming Expand Energy Corporation.
The expiration of the HSR Act waiting period is a significant step towards the completion of the merger. This progress likely boosts investor confidence, potentially leading to a positive short-term impact on CHK's stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Southwestern Energy is nearing the completion of its merger with Chesapeake Energy, with the HSR Act waiting period expired. The merger is expected to close in early October, forming Expand Energy Corporation.
The merger's progress, marked by the expiration of the HSR Act waiting period, is a positive development for Southwestern Energy. This is likely to enhance investor sentiment, potentially leading to a positive short-term impact on SWN's stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90