Petrohawk execs have reason not to fly away…
Posted on July 22, 2011 at 10:53 AM EDT
Last week, Petrohawk Energy Corp. (HK) announced that the company would be sold to BHP Billiton Ltd. (BHP) in a $12.1 billion cash deal. Since that news broke on July 14, shareholder Astor BK Realty Trust filed suit to enjoin the sale, alleging – according to a Bloomberg article - that “The board’s acceptance of BHP’s [...]