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BHP Billiton (NYSE:BHP) has agreed to buy Petrohawk Energy (NYSE:HK) for around $12.1 billion in cash, making it the biggest acquisition by the company. The company plans to pay $38.75 a share using cash and debt according to a statement by the company today.Jason Teh, Fund Manager at Investors Mutual said, "BHP wants to increase the scale of its oil and gas business given that most of its existing energy assets are mature. This acquisition nearly doubles BHP’s resource base."BHP Billiton has a potential upside of 17.4% based on a current price of $92.28 and an average consensus analyst price target of $108.3.
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Video Length: 0
Date Found: July 16, 2011
Date Produced:
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 Grab Networks on AOL |
July 18, 2011
One of the original Shirelles, Shirley Alston Reeves, joins the Broadway show "Baby, It’s You" for a limited time.  Better talks to the legendary singer about joining the show based upon her life.
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 Grab Networks on AOL |
July 18, 2011
The experts at Better Homes and Gardens show you how to create the ultimate garden space — even with lack of sunlight.
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 Grab Networks on AOL |
July 18, 2011
Daru previews a program that teaches kids about yoga. 7/18
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 Grab Networks on AOL |
July 18, 2011
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 Grab Networks on AOL |
July 18, 2011
This video What is "baby bottle tooth decay"? is from the series Water, Sippy Cups And More
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