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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Tue., Jun. 15, 2:13 PM

Slide #77. Southwestern Energy Company Indigo Natural Resources LLC

Acquirer: Southwestern Energy Company (NYSE:SWN)
Acquiree: Indigo Natural Resources LLC
Details: Indigo Natural Resources LLC ("Indigo" or the "Company") today announced that it has entered into a definitive merger agreement with Southwestern Energy Company ("Southwestern", NYSE: SWN), under which Southwestern will acquire Indigo for approximately $2.7 billion. The total consideration of $2.7 billion will be comprised of $400 million in cash, approximately $1.6 billion in SWN common stock and $700 million in aggregate principal amount of assumed 5.375% Senior Notes due 2029 of Indigo (the "Notes"). This release constitutes the public announcement of the intention of Indigo to effect a Change of Control, as defined under the indenture governing the Notes.

Southwestern Energy is a holding company. Through its subsidiaries, Co. is an independent energy company engaged in exploration, development and production activities, including the related marketing of natural gas, oil and natural gas liquids (NGLs) produced in its operations. Co.'s primary business is the exploration for, and production of, natural gas, oil and NGLs. Co.'s operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale, and its operations in West Virginia and southwest Pennsylvania are focused on the Marcellus Shale, the Utica and the Upper Devonian unconventional natural gas, oil and NGL reservoirs.

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Company Name:  Southwestern Energy Company
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding SWN:  57
Total Market Value Held by ETFs:  $1.00B
Total Market Capitalization:  $3.87B
% of Market Cap. Held by ETFs:  25.94%

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June 15, 2021    2:13 PM Eastern
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Hold (1.86 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

Analysts' Target Price:
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