Morgan Lewis

Morgan Lewis Serves as Co-Counsel to BHP Billiton on $12.1 Billion Acquisition of Petrohawk

by: Morgan Lewis

  • date:

    07/15/2011

  • news source:

    Press Releases

downloads/links:

HOUSTON, July 15, 2011: BHP Billiton and Petrohawk Energy Corporation ("Petrohawk") announced late yesterday that the companies have entered into a definitive agreement for BHP Billiton to acquire Petrohawk for $38.75 per share by means of an all-cash tender offer for all of the issued and outstanding shares of Petrohawk, representing a total equity value of approximately $12.1 billion and a total enterprise value of approximately $15.1 billion, including the assumption of net debt.  Morgan Lewis served as co-counsel to BHP Billiton, along with Sullivan & Cromwell.

The Morgan Lewis team on the transaction was led by David Asmus (leader of the Energy Transactions team in the firm's Business & Finance practice) and partner Michael King (B&F - Energy Transactions). Other partners and counsel with key roles were: partners Steve Navarro (B&F - Securities), Amy Kelly (Employee Benefits), Stan Lechner (Labor & Employment), Mark Haskell (Energy - FERC/CFTC), Harry Robins (Antitrust - HSR), Steve Mahinka (Antitrust - CFIUS), senior counsel Chris McAuliffe (Energy - Environmental Regulations), partners Tom D'Ambrosio (B&F - Derivatives), Jeannine Bishop (Real Estate), and Dan Hogans (Executive Compensation), as well as of counsel Maxine Woelfling (Environmental Litigation).

Key associates on the team included: Blake Ellis and Rachel Le (B&F - Energy Transactions), Patrick Rehfield and Carly Grey (Employee Benefits & Executive Compensation), Ross Friedman (Labor & Employment), Bryan Clark (Energy), Heather Fuentes and Sean Duffy (Antitrust), Andrew Milano (B&F - Mergers & Acquisitions) and Michael Lee (B&F - Finance), as well as Jason Roberts, Meredith Rettaliata, and Sara McCormick (Real Estate).

For additional details on the transaction, please see BHP Billiton's press release.





Related Attorneys:
Mark R. Haskell, Amy P. Kelly, Christopher J. McAuliffe, Sara A. McCormick, Jeannine T. Bishop, Daniel L. Hogans, Heather E. Fuentes, Andrew L. Milano, Patrick Rehfield, Sean P. Duffy, Blake R. Ellis, Ross H. Friedman, Jason D. Roberts, Maxine M. Woelfling, Stephen P. Mahinka, Michael J. Lee, Carly E. Grey, Stanley F. Lechner, Thomas V. D'Ambrosio, Steven A. Navarro, Harry T. Robins, David F. Asmus