The deal includes a $12.1 billion cash offer for the US shale specialist as well as the assumption of about $3 billion in Petrohawk debt for the company’s 950 million cubic feet per day of production and a risked resource base of 35 trillion cubic feet of gas equivalent.
The $38.75 per share offer by BHP represents a 65% premium over the closing price of Petrohawk shares the day before the announcement.
Industry
