Southwestern Energy (SWN) and Chesapeake Energy (CHK) are nearing a merger agreement that would establish a roughly $17B entity, with a deal potentially coming together as soon as next week, the Wall Street Journal’s Laura Cooper, Lauren Thomas, and Benoit Morenne report, citing people familiar with the situation. Southwestern had a market cap of about $7.2B as of Friday afternoon, while Chesapeake’s was just over $10B, the authors note.
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