Petrohawk Energy up 63% Pre-Market on Acquisition by BHP Billiton

by Eddie Staley, Benzinga Editor
July 15, 2011 7:34 AM | 20 seconds read |
Petrohawk Energy HK is up 63% on the news from last night stating that the company will be acquired by BHP Billiton BHP. Under the terms of agreement BHP would pay $38.75 per share, which represents a 65% premium to Petrohawk's Thursday closing price of $23.49. Petrohawk is currently trading at $38.49 pre market, a gain of 63.86%.
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