By Will FeuerShares of Southwestern Energy rose after The Wall Street Journal reported it is nearing a deal to merge with Chesapeake Energy, forming a roughly $17 billion company that would be one of the largest natural-gas producers in the U.S. Southwestern Energy shares climbed 9% to $6.96 in afternoon trading. Chesapeake Energy, which was trading lower earlier in the day, rose 1.5% to $78.12 after the report.

Source: Wall Street Journal January 06, 2024 07:00 UTC