The closing of the merger of Chesapeake Energy and Southwestern Energy is being delayed as the U.S. regulator has asked for additional information.
The closing of the merger of Chesapeake Energy and Southwestern Energy, which would create the top U.S. natural gas producer, is being pushed back to the second half of 2024 as the U.S. regulator has asked for additional information in its review of the transaction, the companies said on Friday. Back in January, Chesapeake Energy and Southwestern Energy agreed to merge in an all-stock transaction valued at $7.4 billion, which will create the biggest U.S.
“Chesapeake and Southwestern will continue to work cooperatively with the FTC in its review of the Merger, and now expect that the Merger will be completed in the second half of 2024, subject to the fulfillment of the other closing conditions, including approvals of Chesapeake and Southwestern shareholders,” the companies said in identical filings to the SEC. Requests for additional information have also delayed the closing of Occidental’s $12-billion deal to buy CrownRock.
Southwestern Merger Natural Gas Producer Regulator
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cost of living energy bills: What is the energy price cap?The £238 fall over the year equates to around £20 saved each month for the average household in England, Scotland and Wales
Read more »
Yorkshire Energy Park: Plans for £200m green energy park which could create 4,500 jobs approvedPlans for a £200m green energy park, which could create 4,500 jobs, have been given the green light.
Read more »
Energy bills: Take your energy meter readings this weekendThe average household in England, Wales and Scotland will pay £1,690 a year for their energy, a reduction of £238
Read more »
Cenovus Energy To Boost Energy Production 19%Canada's Cenovus Energy will boost its energy production by 19% over the next five years, in line with pipeline capacity growth
Read more »
The Growing Importance of Energy Storage in the Renewable Energy SectorThe energy storage sector is set to double in size by 2024 as renewable energy production capacity increases. However, the wide-scale use of lithium-ion batteries poses challenges due to the negative environmental and health impact of lithium mining.
Read more »
Strong earthquake strikes off southwestern JapanA strong earthquake has struck off the coast of southwestern Japan - with power outages and people trapped in buildings in parts of Taiwan. Tsunami warnings were issued after the quake - which had an estimated magnitude of 7.7 - with residents in coastal areas of Okinawa urged to evacuate after it struck at 7.58am local time. It was the strongest quake to hit Taiwan in 25 years, state media said.
Read more »