Chesapeake Energy and Southwestern Energy are combining in a $7.4 billion all-stock deal to form one of the biggest natural gas producers in the U.S.
There have been a string of deals in the energy sector, including the nearly $60 billion acquisition of Pioneer Natural Resources by Exxon Mobil and a $53 billion deal between Chevron and Hess.
Southwestern shareholders will receive 0.0867 shares of Chesapeake common stock for each outstanding share of…
