Chesapeake, Southwestern Agree to Merge to Create Gas Giant

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 11 January 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Jan. 11. Chesapeake Energy and Southwestern Energy officially announce plans to merge, amid lots of dealmaking in the energy sector. Reporter Benoît Morenne explains. Plus, Treasury Department reporter Andrew Duehren explains why the U.S. is reviewing a deal between U.S. Steel and Nippon Steel. And, how Wall Street is responding to the first day of tradi ng spot bitcoin ETFs. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:25.7	Spot Bitcoin Ets began trading today how Wall Street's responding.
0:36.0	And Chesapeake and South Western agreed to merge and create a new gas behemoth.
0:40.0	The selling gas investors are pressuring companies to scale up so they can grow their
0:45.5	cash flow and sustain payouts to investors, including dividends.
0:50.0	This isn't over.
0:51.6	Executives and analysts expect to see more large deals this year as companies consolidate and try and gain size.
0:59.0	Plus, why a deal between US Steel and Nippon Steel is under review.
1:03.2	It's Thursday January 11th.
1:05.0	I'm Anne Marie Fertoli for the Wall Street Journal.
1:07.4	This is the PM edition of What's News,
1:09.6	the top headlines and business stories
1:11.6	that moved the world today.
1:13.0	Chesapeake Energy and South Western Energy have made it official.
	...

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