Oil and Gas - Mergers and Acquisition Review

BHP Billiton to acquire Petrohawk Energy for ~$15 billion. Is BHP/Petrohawk a fair deal? Yes. Deal priced fairly as BHP acquires assets undervalued due to Petrohawk’s capital constraints.

Highlights     Largest Oil and Gas M&A deal till date in 2011     All cash offer at a substantial premium     Gives BHP a focused posi...