This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

The Briscoe Law Firm And Powers Taylor, LLP Announce Investigation Of Petrohawk Energy Corporation

The Briscoe Law Firm, PLLC, founded by a former enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Petrohawk Energy Corporation (“Petrohawk Energy” or “HK”) (NYSE:HK) related to the acquisition of Petrohawk Energy by BHP Billiton.

The definitive acquisition agreement involves an all-cash transaction valued at approximately $15.1 billion, including assumption of debt. Under the proposed buyout, Petrohawk Energy shareholders will receive $38.75 in cash for each share of Petrohawk Energy/HK common stock they hold through a tender offer commencing by July 25, 2011. The transaction is expected to close in the third quarter of 2011.

The firms are investigating the fairness of the proposed transaction to Petrohawk Energy shareholders, whether the shareholders are being underpaid for their stock, and whether Petrohawk Energy’s Board of Directors acted in the shareholders’ best interests. In particular, Petrohawk Energy recently reported first quarter financial results that exceeded analyst’s expectations, including net income of $44.4 million compared to $39.9 million in the same quarter the prior year. In addition, at least one analyst has set a target price of $39 per share for Petrohawk Energy stock, well above the current acquisition price. Based on these and other factors, the firms are critically evaluating whether Petrohawk Energy’s Board of Directors considered all potential alternatives and obtained the best price for the shareholders.

If you currently own shares of Petrohawk Energy/HK and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free 877-728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, toll free 877-397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.

Stock quotes in this article: HK 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,486.11 -15.54 -0.09%
S&P 500 1,880.48 +5.09 0.27%
NASDAQ 4,152.5940 +25.6270 0.62%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs