Chesapeake-Southwestern merger is the next to be delayed by FTC investigations
Oklahoma City-based Chesapeake Energy Corp. (Nasdaq: CHK) and Spring-based Southwestern Energy Co. (NYSE: SWN) have received a request for additional documents from the Federal Trade Commission regarding their proposed merger. The $7.4 billion acquisition, which could be the largest natural gas-focused upstream deal in the U.S. in more than 10 years, has joined the growing list of targets of antitrust investigations by the FTC.