BHP Billiton (BHP) agrees to buy Petrohawk Energy (HK) for $12.1B in cash, or $38.75/share. The...

|About: BHP Billiton Limited (BHP)|By:, SA News Editor

BHP Billiton (BHP) agrees to buy Petrohawk Energy (HK) for $12.1B in cash, or $38.75/share. The deal gives BHP 1M acres in Texas and Louisiana for shale gas production. HK +63.4% AH, BHP -1.9% in Sydney.