BHP Billiton has received final regulatory approval for its USD 12.1 billion takeover of US shale player Petrohawk Energy. BHP said the Committee on Foreign Investment in the US had given the thumbs up for the deal after concluding there were no national security issues of concern in relation to the transactions contemplated by the merger agreement between the two companies.
It added documents related to the tender had now been filed with the US Securities and Exchange Commission. Petrohawk accepted BHP’s offer of USD 38.75 cash per share last month as the Australian company looks to expand its US shale gas and petroleum assets. The deal will see BHP gain operated positions in three resource plays – the Eagle Ford and Haynesville shales, and the Permian basin.
It added documents related to the tender had now been filed with the US Securities and Exchange Commission. Petrohawk accepted BHP’s offer of USD 38.75 cash per share last month as the Australian company looks to expand its US shale gas and petroleum assets. The deal will see BHP gain operated positions in three resource plays – the Eagle Ford and Haynesville shales, and the Permian basin.
