Potter Anderson Advises Southwestern Energy in $7.4B Merger with Chesapeake Energy

Photo of Potter Anderson Advises Southwestern Energy in $7.4B Merger with Chesapeake Energy
Firm News

U.S. natural gas producers Chesapeake Energy and Southwestern Energy have agreed to merge through an all-stock transaction valued at $7.4 billion, in a deal that will create a $24 billion natural gas powerhouse and the nation's largest producer of the critical energy source. 

The combined company, which will take on a new, undisclosed name after closing, will have an enterprise value of approximately $24 billion based on the agreed upon exchange ratio — of 0.0867 shares of Chesapeake common stock for each share of Southwestern common stock — and the companies' respective share prices on Jan. 10, the companies said in a statement. The deal stands to create the largest natural gas producer in the U.S.,

Potter Anderson’s team serving as counsel to Southwestern Energy includes partners Mark Morton and Rebecca Salko, and associates Garrett Lyons, Ben Stowers and Blake Lawrence.

News of the deal was reported by Law360, and other major business and legal publications.

Media Contact

Lisa Altman, Jaffe PR, Senior Vice President

About Potter Anderson

Potter Anderson & Corroon LLP is one of the largest and most highly regarded Delaware law firms, providing legal services to regional, national, and international clients. With more than 100 attorneys, the firm’s practice is centered on corporate law, corporate litigation, intellectual property, commercial litigation, bankruptcy, labor and employment, and real estate.

Jump to Page

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.