This Day On The Street
Continue to site
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

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, or Willie Briscoe at The Briscoe Law Firm, PLLC, toll free 877-397-5991, or via email at 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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 -0.41%
FB $117.81 -0.21%
GOOG $701.43 0.82%
TSLA $211.53 -4.96%
YHOO $36.94 2.61%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs