| | Published : July 26th, 2011 | BHP and Petrohawk Energy Announce Early Termination of Waiting Period |
|
Article
|
Comments
|
Comment this article
|
Rating
|
♥
Follow Company
|
|
.
|
|
|
July
25, 2011
BHP Billiton (ASX: BHP, NYSE:
BHP, LSE: BLT, JSE: BLT) and Petrohawk Energy
Corporation ( Petrohawk
) (NYSE: HK) announced today that on 22 July 2011, BHP Billiton and Petrohawk received notice from the U.S. Federal Trade
Commission of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act in relation to BHP
Billiton s tender offer for
all of the issued and outstanding shares of common stock of Petrohawk for $38.75 per share in cash.
The
documents related to the tender offer are being filed with the SEC today.
As previously announced,
the tender offer has been unanimously recommended by the Petrohawk
board of directors and is being made pursuant to the merger agreement between
BHP Billiton and Petrohawk. The tender offer is
scheduled to expire at midnight, New York City time, at the end of Friday, 19
August 2011, unless the tender offer is extended or earlier terminated in
accordance with the rules and regulations of the United States Securities and
Exchange Commission (the SEC ) and
the merger agreement.
Additional
Information
This
communication is neither an offer to purchase nor a solicitation of an offer
to sell any shares of the common stock of Petrohawk
or any other securities. BHP Billiton Limited, BHP Billiton Petroleum (North
America) Inc. and North America Holdings II Inc. have filed a tender offer
statement on Schedule TO with the SEC and the offer to purchase shares of Petrohawk common stock is only being made pursuant to the
offer to purchase, the letter of transmittal and related documents filed with
such Schedule TO. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ BOTH THE
TENDER OFFER STATEMENT, AS FILED AND AS IT MAY BE AMENDED FROM TIME TO TIME,
AND THE SOLICITATION/RECOMMENDATION STATEMENT, AS FILED AND AS MAY BE AMENDED
FROM TIME TO TIME, BECAUSE THEY CONTAIN IMPORTANT INFORMATION REGARDING THE
OFFER. Investors and security holders may obtain a free copy of these
statements and other documents filed with the SEC at the website maintained
by the SEC at www.sec.gov or by directing such requests to MacKenzie Partners, Inc. at 212-929-5500 or toll-free at
800-322-2885.
Cautionary
Statement Regarding Forward-Looking Statements
This
communication may contain, in addition to historical information, certain
forward-looking statements regarding future events, conditions, circumstances
or the future financial performance of BHP Billiton Plc
and BHP Billiton Limited and their affiliates, including North America
Holdings II Inc. and BHP Billiton Petroleum (North America) Inc.
(collectively, the BHP
Billiton Group ), Petrohawk or the enlarged BHP Billiton Group following
completion of the Offer, the merger and other related transactions (the Transactions ). Often, but not always,
forward-looking statements can be identified by the use of words such as
"plans, expects, expected, scheduled, estimates, intends, anticipates or believes, or variations
of such words and phrases or state that certain actions, events, conditions,
circumstances or results may, could, would, might or will be taken,
occur or be achieved. Such forward-looking statements are not guarantees or
predictions of future performance, and are subject to known and unknown
risks, uncertainties and other factors, many of which are beyond our control,
that could cause actual results, performance or achievements of any member of
the BHP Billiton Group or the enlarged BHP Billiton Group following
completion of the Transactions to differ materially from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Such risks and uncertainties include: (i) the risk that not all
conditions of the Offer or the merger will be satisfied or waived, (ii)
beliefs and assumptions relating to available borrowing capacity and capital
resources generally, (iii) expectations regarding environmental matters,
including costs of compliance and the impact of potential regulations or changes
to current regulations to which Petrohawk or any
member of the BHP Billiton Group is or could become subject, (iv) beliefs
about oil and gas reserves, (v) anticipated liquidity in the markets in which
BHP Billiton or any member of the BHP Billiton Group transacts, including the
extent to which such liquidity could be affected by poor economic and
financial market conditions or new regulations and any resulting impacts on
financial institutions and other current and potential counterparties, (vi)
beliefs and assumptions about market competition and the behaviour
of other participants in the oil and gas exploration, development or
production industries, (vii) the effectiveness of Petrohawk s or
any member of the BHP Billiton Group s strategies to capture
opportunities presented by changes in prices and to manage its exposure to
price volatility, (viii) beliefs and assumptions about weather and general
economic conditions, (ix) beliefs regarding the U.S. economy, its trajectory
and its impacts, as well as the stock price of each of Petrohawk,
BHP Billiton Plc and BHP Billiton Limited, (x)
projected operating or financial results, including anticipated cash flows
from operations, revenues and profitability, (xi) expectations regarding Petrohawk
s or any member of the BHP Billiton Group s revolver capacity, credit facility compliance,
collateral demands, capital expenditures, interest expense and other
payments, (xii) Petrohawk s or
any member of the BHP Billiton Group s ability to efficiently
operate its assets so as to maximize its revenue generating opportunities and
operating margins, (xiii) beliefs about the outcome of legal, regulatory,
administrative and legislative matters, (xiv) expectations and estimates
regarding capital and maintenance expenditures and its associated costs and
(xv) uncertainties associated with any aspect of the Transactions, including
uncertainties relating to the anticipated timing of filings and approvals
relating to the Transactions, the outcome of legal proceedings that may be
instituted against Petrohawk and/or others relating
to the Transactions, the expected timing of completion of the Transactions,
the satisfaction of the conditions to the consummation of the Transactions
and the ability to complete the Transactions. Many of these risks and
uncertainties relate to factors that are beyond the BHP Billiton Group s ability to control or estimate precisely, and any
or all of the BHP Billiton Group s
forward-looking statements may turn out to be wrong. The BHP Billiton Group
cannot give any assurance that such forward-looking statements will prove to
have been correct. The reader is cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date of this
communication. The BHP Billiton Group disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result of
new information, future events, conditions, circumstances or otherwise,
except as required by applicable law.
Nothing
contained herein shall be deemed to be a forecast, projection or estimate of
the future financial performance of any member of the BHP Billiton Group, Petrohawk or the enlarged BHP Billiton Group following
completion of the Transactions.
|
|
|
|
|
|
BHP Billiton
|
|
PRODUCER |
CODE : BLT.L |
ISIN : GB0000566504 |
CUSIP : 05545E209 |
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
BHP Billiton is a nickel and lead producing company based in United kingdom. BHP Billiton produces nickel, lead, aluminum, bauxite, copper, diamonds, gold, iron, manganese, molybdenum, natural gas, oil, phosphate, silica, silver, titanium, uranium and zinc in Argentina, in Australia, in Brazil, in Canada, in Chile, in Colombia, in Peru, in South Africa and in Suriname, develops aluminum, copper, gold, iron, natural gas, nickel, oil, silica and silver in Australia, in Ecuador, in Philippines and in Suriname, and holds various exploration projects in Argentina, in Australia, in Botswana, in Canada, in Chile, in China, in Congo Dem. Rep. of, in Ecuador, in El Salvador, in Guatemala, in Guyana, in India, in Mexico, in Mongolia, in Mozambique, in Pakistan, in Peru, in Romania, in Sierra Leone, in South Africa, in Turkey, in Uruguay and in Zambia. Its main assets in production are CERRO COLORADO OXIDE, ESCONDIDA - OXIDE, PINTO VALLEY - LOW GRADE LEACH, SPENCE OXIDE, SPENCE, CANDELARIA CHILE 2, CERRO COLORADO SULPHIDE, ESCONDIDA SULPHIDE, ESCONDIDA SULPHIDE LEACH, SPENCE ROM, SPENCE SUPERGENE SULPHIDE, TRANSITIONAL SULPHIDE, PINTO VALLEY - SULPHIDE and PINTO VALLEY SULPHIDE STOCKPILE in Chile, OLYMPIC DAM - SULPHIDE, WORSLEY, CANNINGTON, PHOSPHATE HILL, GEMCO, MOUNT KEITH - OC, MT GOLDSWORTHY - NORTHERN, JIMBLEBAR - BKM, LEINSTER - OC, MT WHALEBACK, YARRIE MINE, YABULU, LEINSTER - SP, LEINSTER - SP OXIDISED, LEINSTER - UG, MOUNT KEITH - SP, YANDI MINE - CID, STYBARROW, OLYMPIC DAM - NON SULPHIDE AU ONLY, MT NEWMAN - BKM, MT NEWMAN - MM, MT GOLDSWORTHY AREA C - BKM, MT GOLDSWORTHY AREA C - MM, ANGOSTURA GAS and OREBODY 24 in Australia, ALUNORTE, SAMARCO, PINTO VALLEY MIAMI UNIT, TROMBETAS RIVER and MRN (BAUXITE MINING) in Brazil, SELBAIE, LES MINES (OPEN PIT) and BUFFER ZONE in Canada, MAMATWAN, RICHARDS BAY MINERALS OPERATION and WESSELS in South Africa, CERRO MATOSO and CERREJON COAL in Colombia, ANTAMINA, ANTAMINA and ANTAMINA ZINC ORE in Peru, LELYDORP MINE (SURINAME) in Suriname and BAJO DE LA ALUMBRERA in Argentina, its main assets in development are YAKABINDIE, HODGKINSON BASIN - TREGOORA, KIPPER, YANDI MINE - BKM, RAVENSTHORPE - SP and RAVENSTHORPE - LATERITE in Australia, ONVERDACHT in Suriname, PUJADA in Philippines and MIRADOR in Ecuador and its main exploration properties are WALES ISLAND, ILLIAMNA - BRISTOL, CHURCHILL, MIRAGE BAY - BAFFIN ISLAND, FOXE BASIN BAFFIN ISLAND, RAILROAD, LAC GAYOT- VIRGINIA, CHIDIAK-BAFFIN ISLAND, QILALUGAQ, GABBRO LAKE, POLARIS MINE, SAN MANUEL MINE and STANLEIGH MINE in Canada, PILBARA, MUSGRAVE, SOLDIERS CAP, HAMMER HILL, CLIFFS - UG, HODGKINSON BASIN -ATRIC and JIMBLEBAR - MM in Australia, KASHIJI PLAIN in Zambia, CHONTA and LA GRANJA in Peru, RATHDOWNEY TREND / MOATE in Ireland, KALAHARI in Botswana, ALTO CUILO PROJECT in Angola, MIRADOR NORTE in Ecuador, ACT (ADLAY CAGDIANAO TANDAWA NICKEL) in Philippines, COERMOTIBO in Suriname, GAC PROJECT in Guinea and GAG ISLAND in Indonesia. BHP Billiton is listed in Australia, in Germany, in United Kingdom and in United States of America. Its market capitalisation is GBX 5 095.4 billions as of today (US$ 6 099.3 billions, € 5 343.0 billions). Its stock quote reached its lowest recent point on June 28, 2002 at GBX 0.53, and its highest recent level on January 17, 2022 at GBX 2 412.50. BHP Billiton has 2 112 072 000 shares outstanding. |
In the News and Medias of BHP Billiton |
Annual reports of BHP Billiton |
Financings of BHP Billiton |
Nominations of BHP Billiton |
Financials of BHP Billiton |
Project news of BHP Billiton |
|
Corporate news of BHP Billiton |
8/21/2016 | [$$] Mining companies sweat the big and small stuff |
8/8/2016 | BHP Billiton opens Mobile Application Hub in Shanghai |
7/14/2016 | Update: Samarco |
1/26/2016 | Why Are BHP’s Copper Volumes Falling? |
1/25/2016 | The Supply Side Doesn’t Have Good News for Iron Ore Prices i... |
1/25/2016 | BHP’s US Onshore Takes Another Hit—Is There More to Come? |
1/25/2016 | Analyzing BHP’s Expectations from Petroleum in Fiscal 2016 |
1/25/2016 | Samarco sensors gave warnings well before Brazil damburst -G... |
1/12/2016 | Top Analyst Upgrades and Downgrades: Apple, BHP Billiton, CA... |
1/8/2016 | Brazil dam burst tailings spill below early estimates |
12/24/2015 | Zacks Industry Outlook Highlights: BHP Billiton, Rio Tinto, ... |
12/23/2015 | Industrial Metals Stock Outlook - Jan 2016 |
12/18/2015 | Why puts are surging in BHP Billiton |
12/18/2015 | BHP May Have to Choose between Capex and Dividends |
12/18/2015 | Why Are These Five Stocks in the Spotlight Today? |
12/17/2015 | Miners Fell after the Interest Rate Hike but Recovered Later |
12/17/2015 | Depressed Iron Ore Prices Will Strain BHP Billiton’s Cash Fl... |
12/17/2015 | Will BHP’s Petroleum Division Need to Take on More Impairmen... |
12/17/2015 | How Could the Samarco Dam Failure Impact BHP Billiton? |
12/17/2015 | Could BHP Billiton’s Situation Worsen Going Forward? |
12/4/2015 | Tough job for BHP to keep credit rating intact |
12/2/2015 | Hedge Funds Are Betting On NIKE, Inc. (NKE) |
12/2/2015 | Should You Buy BHP Billiton Limited (ADR) (BHP)? |
12/1/2015 | LATAM WRAP-Vale, Samarco weaken over disaster costs |
11/30/2015 | BHP Billiton Faces Pricing & Currency Woes; Scopes Scant |
11/30/2015 | Update: Samarco |
11/28/2015 | Brazil to sue BHP, Vale for $ 5.2 billion for burst dam |
11/27/2015 | Joint Statement on Plans to Create Rio Doce Fund |
11/26/2015 | BHP Billiton Statement Tailings |
10/29/2015 | Will BHP Billiton Borrow to Maintain Progressive Dividends i... |
10/27/2015 | BHP shares sink amid natural gas weakness |
10/27/2015 | Assessing BHP Billiton’s Iron Ore Production Target in 1Q16 |
10/27/2015 | BHP Billiton’s Positive 1Q16 Results and Stock Reactions in ... |
10/20/2015 | BHP Billiton Operational Review for the Quarter Ended 30 Sep... |
10/20/2015 | Goldman Sachs issued $5 billion worth of high-grade bonds |
10/19/2015 | Rio Tinto’s Iron Ore Volumes Continue to Deliver in 3Q15 |
10/19/2015 | Cliffs Natural Resources Has Underperformed Iron Ore Peers S... |
10/15/2015 | What Impacts Iron Ore Miners’ Break-Even Costs? |
10/3/2015 | How Is Rio Tinto Trading Compared to Its Peers? |
9/30/2015 | How is Rio Tinto Weathering the Copper and Coal Price Downtu... |
9/30/2015 | Rio Tinto’s Iron Ore Division: Are More Cost Cuts Possible? |
9/29/2015 | BHP Billiton confident of robust portfolio despite climate c... |
9/29/2015 | Why the Outlook on Iron Ore Is Still Negative |
9/29/2015 | Is Glencore Too Big To Fail? |
9/29/2015 | BHP Billiton's split may have lessons for Alcoa |
9/28/2015 | Submission to Australia's Senate Economics References Commit... |
9/23/2015 | Weekly Three-Year Low Highlights: BHP Billiton, Qualcomm, Mo... |
9/23/2015 | BHP slumps as Australians asked to fund UK dividend |
9/23/2015 | Iron Ore Shipments Remain Strong for August |
9/22/2015 | BHP Billiton Releases First Economic Contribution and Paymen... |
9/21/2015 | China Iron Ore Port Inventory Remains Low |
9/21/2015 | Iron Ore Prices Are Holding Steady Thus Far |
9/18/2015 | Copper Stocks to Watch Post-Chile Earthquake |
9/10/2015 | What’s Driving Unit Cost Reduction for BHP’s Coal Segment? |
9/10/2015 | BHP’s Coal Segment Sees Record Production in Fiscal 2015 |
9/10/2015 | BHP Billiton and SaskPower Partner to Accelerate Development... |
9/10/2015 | How Much Lower Can BHP’s Unit Iron Ore Costs Go? |
9/10/2015 | Why BHP Delivered Record Iron Ore Production in Fiscal 2015 |
9/9/2015 | UK Market and EWU Rebounded after Panic over China |
9/9/2015 | BHP Billiton Petroleum Operational Excellence Underpins Valu... |
8/28/2015 | BHP Billiton Faces Pricing & Currency Woes; Scopes Scant |
8/28/2015 | Week in Review, August 29 |
8/26/2015 | RBC No Longer Hates BHP Billiton: Should You? |
8/26/2015 | BHP Billiton's FY15 Earnings Weak, Down Y/Y on Headwinds |
8/25/2015 | BHP posts 86 percent profit drop as commodity prices tumble |
8/18/2015 | Statement Senate Inquiry Into Corporate Tax |
8/13/2015 | Celebrating 130 Years of History |
8/12/2015 | China's Currency Move Devalues the Miners |
8/10/2015 | Polaris Capital Management Remains Bullish On Top Picks, Inc... |
8/5/2015 | Rio and BHP bounce after recent sell-off |
7/3/2015 | Which Iron Ore Companies Benefit from this Price Environment... |
6/3/2015 | Commodities' glut to drag on, BHP chief warns |
5/21/2015 | Australian government rejects iron ore inquiry |
5/20/2015 | BHP settles SEC probe into Beijing Olympics hospitality |
5/19/2015 | BHP slides in wake of South 32 split |
5/19/2015 | BHP chief blasts Australia iron ore inquiry plans |
5/4/2015 | Goldman Sachs May Sell Coal Mines --Energy Journal |
4/27/2015 | BHP Billiton faces A$522m Australian tax dispute |
4/27/2015 | Corporate Tax Inquiry |
4/22/2015 | BHP Billiton Prices EUR2.0 Billion Bond |
4/22/2015 | BHP Billiton taps the brakes on iron ore expansion |
4/20/2015 | BHP Spinoff's Tailspin Is Dream for X2's Mick Davis: Real M&... |
4/16/2015 | BHP Billiton Down to Hold on Hostile Pricing Environment - A... |
4/16/2015 | What Would South32 Look Like after the Demerger? |
4/16/2015 | Demerger Vote for BHP Billiton and South32 Is on May 6 |
4/14/2015 | How Are Iron Ore Companies Doing Amid Decade-Low Iron Ore Pr... |
4/14/2015 | Is Cheaper Australian Iron Ore Displacing Chinese Production... |
4/13/2015 | Oil shares lose appeal in income funds |
4/13/2015 | BHP, Rio Faulted by Barnett on Iron Ore as Citigroup Sees $3... |
4/13/2015 | BHP, Rio Faulted by Barnett on Iron as Citigroup Sees $30s |
4/3/2015 | Supporting Local Communities in Western Australia |
4/2/2015 | BHP hits bottom of FTSE as iron price drops |
3/30/2015 | BHP Billiton Provides Submission to the Productivity Commiss... |
3/30/2015 | BHP Billiton Submission to Productivity Commission Review of... |
2/26/2015 | BHP highlights shale productivity gains |
2/24/2015 | As FTSE Hits a Record, Scratch Beneath the Surface |
5/30/2013 | News Release |
5/28/2013 | News Release |
5/14/2013 | News Release |
5/8/2013 | News Release |
5/7/2013 | News Release |
4/29/2013 | News Release |
4/24/2013 | News Release |
4/18/2013 | News Release |
4/17/2013 | News Release |
4/11/2013 | News Release |
2/20/2013 | News Release |
2/20/2013 | News Release |
2/1/2013 | News Release |
1/30/2013 | News Release |
1/22/2013 | News Release |
12/12/2012 | News Release |
12/11/2012 | News Release |
11/13/2012 | News Release |
11/7/2012 | News Release |
10/17/2012 | News Release |
10/9/2012 | News Release |
9/30/2012 | News Release |
9/19/2012 | News Release |
9/18/2012 | News Release |
9/10/2012 | News Release |
9/10/2012 | News Release |
9/7/2012 | News Release |
9/4/2012 | News Release |
8/27/2012 | News Release |
6/27/2012 | News Release |
6/22/2012 | News Release |
5/22/2012 | News Release |
5/15/2012 | News Release |
5/14/2012 | News Release |
5/14/2012 | News Release |
5/10/2012 | News Release |
5/9/2012 | News Release |
5/8/2012 | News Release |
4/18/2012 | News Release |
4/11/2012 | News Release |
4/11/2012 | News Release |
3/5/2012 | News Release |
3/1/2012 | Petrohawk Form 10-K Filing With SEC |
2/23/2012 | News Release |
2/22/2012 | News Release |
2/21/2012 | News Release |
2/13/2012 | News Release |
2/13/2012 | News Release |
2/1/2012 | News Release |
2/1/2012 | News Release |
1/19/2012 | BHP Billiton Goonyella To Abbot Point Rail Project: On Track |
12/20/2011 | News Release |
12/13/2011 | News Release |
12/5/2011 | Petrohawk Form-10Q Filing With SEC |
11/29/2011 | News Release |
10/12/2011 | News Release |
10/10/2011 | News Release |
9/20/2011 | News Release |
9/12/2011 | News Release |
9/2/2011 | BHP Billiton Donates US$500,000 to the United Nations World ... |
8/23/2011 | Supporting the Illawarra Community |
8/21/2011 | News Release |
8/9/2011 | BHP Billiton to acquire HWE Mining subsidiaries |
7/26/2011 | BHP and Petrohawk Energy Announce Early Termination of Wai... |
7/22/2011 | BHP BILLITON PRODUCTION REPORT FOR THE YEAR ENDED 30 JUNE 20 |
6/14/2011 | BHP Billiton And University College London Launch Natural Re... |
6/1/2011 | BHP Billiton Successful In High Court On Australian Taxation... |
4/1/2011 | BHP Billiton Joins Marine Well Containment Company |
3/25/2011 | BHP Billiton today announced approval of a US$400 million in... |
3/25/2011 | (angl) BHP Billiton today approved three key metallurgical c... |
3/24/2011 | Further growth at Western Australia Iron Ore |
3/15/2011 | BHP Billiton Donates US$1 Million To Japanese Disaster Relie... |
3/14/2011 | 2011 Interim Dividend |
2/22/2011 | Announces Acquisition Of Chesapeake Energy Corporation's Fa... |
1/25/2011 | BHP Billiton Donates A$2 Million To Victorian Flood Relief |
1/23/2011 | Increases Donation To Queensland Prem's Disaster Relief Appe... |
12/31/2009 | Finalisation Of The Richards Bay Minerals BBBEE Transaction |
11/24/2009 | David Morgan Resigns as Director |
1/21/2009 | Changes to BHP Billiton's Nickel Business |
12/3/2008 | Approves The North West Shelf Cossack, Wanaea, Lambert, Herm... |
7/17/2008 | Mitsubishi Alliance Entered Into An Agreement To Acquire The... |
7/11/2008 | Completes Acquisition Of Anglo Potash Ltd |
9/14/2007 | Premier Morris Iemma Opens World-First Power Generation Proj... |
|
|