 |
Joele Frank handles Southwestern Energy Co. as its agrees to merge with Chesapeake Energy Corp in an all-stock deal valued at $7.4B that creates the largest natural gas producer in the US.
Chesapeake CEO Nick Dell’Osso said the combination forms “the first U.S. based independent that can truly compete on an international scale.”
He said the deal allows the partners “to deliver more natural gas at a lower cost, accelerating America's energy reach and fueling a more affordable, reliable and lower carbon future.”
Bill Way, Southwestern CEO, said shareholders will be “able to participate in the substantial value creation and future growth opportunities of the combined company, with one of the top shareholder return frameworks in the sector.”
The Chesapeake/Southwestern merger is the first major natural gas deal in the wave of US energy consolidation that has focused on oil companies.
More gas deals are anticipated as Chesapeake and Southwestern account for only seven percent of US gas production.
Joele Frank, Wilkinson Brimmer Katcher’s Andrew Siegel and Jed Repko represent Southwestern.
Joele Frank represents Confluent Inc. as the Mountain View, CA-based data streaming platform company agrees to be acquired by IBM in a deal with an enterprise value of $11B.
Tom Johnson, who has headed H/Advisors Abernathy since 2016, will join FGS Global as global head of private capital & financial services, effective Dec. 16.
Brunswick Group and Gagnier Communications are handling Paramount’s $30 cash per-share offer for all of Warner Bros Discovery, topping Netflix $27.50 cash/stock transaction.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
C Street Advisory Group handles strategic communications duties for American Signature Inc. as the Columbus-based home furnishings retailer declares Chapter 11.
