Chevron Buys Atlas Energy, Enters Marcellus Shale in $3.2-billion Deal

摘要

Chevron says it will buy natural gas producer Atlas Energy (Moon Township, PA) for $3.2 billion. The acquisition will provide Chevron with a natural gas resource position primarily located in southwestern Pennsylvania's Marcellus shale play. Chevron will pay $43.34/share, a 37% premium to Atlas' closing stock price on November 8. Chevron will assume net debt from Atlas of about $1.1 billion, for a total deal value of $4.3 billion.