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I like Burberry!
08-22-11

Burberry saleThe international mining giant BHP Billiton announced on August 21st local time American shale gas enterprise Petrohawk bid quote has been completed.According to the statement, BHP Billiton open offer of $38.75 per share to buy all of Petrohawk's current common stock ( without interest, deducted all payable taxes ), and payment for cash. Acquisition of the required amount of $12100000000, burberry storeplus Petrohawk debt, the amount of acquired for $15100000000.At present, there have been 293900000 shares of Petrohawk completion of the tender, accounted for all of its outstanding shares of 97.4%.BHP Billiton said the United States, according to the laws of the state of Delaware, the deal is expected to be completed in a short period of time. After the completion of the transaction, Petrohawk will become a wholly owned subsidiary of BHP Billiton indirectly, and from the New York stock exchange delisted.

burberry shopThis transaction will bring for BHP three world-class shale gas assets -- the Eagle Ford, Haynesville shales and the Permian Basin. Petrohawk in the state of Texas and the state of Louisiana has an area of about 1000000 acres, the net production of about 158000 barrels of oil equivalent per day.BHP Billiton, CEO Gao Ruisi ( Marius Kloppers ) said in July, this acquisition is in line with the company strategic a a heaven-made match.Previously, the deal has been adopted by the Committee on foreign investment in the United States of America ( CFIUS ) review, that the acquisition will not affect the national security of the United states.

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