Chesapeake Energy Corp. (NYSE: CHK) will sell certain drilling assets to Southwestern Energy Co. (NYSE: SWN) for approximately $5.38 billion. Shares of Chesapeake Energy leaped $3.02 to close at $20.79 while Southwestern stock plunged $3.72 to close at $31.97.
Chesapeake sells assets to Southwestern
October 16, 2014 at 19:26 PM EDT