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BHP Billiton to acquire Petrohawk Energy
16 July 2011: BHP Billiton, to buy Petrohawk Energy for about $12.1 billion (approx Rs 53,845 crore) in cash in its biggest acquisition, betting natural gas demand will gain in the US.
BHP will pay $38.75 (approx Rs 1724) a share using cash and debt.Melbourne- based BHP sees total spending on developing Petrohawk assets of as much as $65 billion (approx Rs 29,575 crore) by 2020.
Source: Economic Times