• Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

All data is delayed
See More

BHP closes in on another shale gas buy

Aug 21 2011 14:47
I-Net Bridge

Company Data


Last traded 184
Change -2
% Change -1
Cumulative volume 2513501
Market cap 0

Last Updated: 25-11-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Court orders release of Eskom-BHP prices

SABMiller trumps Anglo on the JSE

BHP in $12bn deal with shale gas group

BHP coal output tops forecasts

BHP approves GEMCO second phase

Xstrata beats bad weather

Johannesburg - BHP Billiton [JSE:BIL] announced on Sunday that it has secured its $12.1bn takeover of US energy firm Petrohawk Energy Corporation in a $38.75 per share takeover.

AFP reports that this is a 65% premium on the value of Petrohawk shares at the time of the July offer and it will give BHP access to huge assets in the lucrative US shale gas market. It follows BHP's purchase earlier this year of Chesapeake Energy's shale gas holdings.

As the final step of the acquisition process and following payment for all shares validly tendered and not withdrawn on or prior to the expiration of the offer, BHP Billiton expects to effect a short-form merger under Delaware law as promptly as possible.

Petrohawk will be the surviving corporation in the merger and will become an indirect wholly owned subsidiary of BHP Billiton. Following the merger, Petrohawk shares will be delisted and will cease to trade on the New York Stock Exchange.

bhp billiton  |  shale gas



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote