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Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Petrohawk Energy Corporation (NYSE: HK) (referred to as "Petrohawk" or the “Company”) to BHP Billiton Ltd. (“BHP”) by means of an all-cash transaction valued at approximately $12.1 billion and a total enterprise value of approximately $15.1 billion, including the assumption of net debt.
Under the terms of the agreement, Petrohawk stockholders will receive $38.75 for each share of common stock they hold. The tender offer is expected to commence by July 25, 2011.