Petrohawk Energy Corp. Merger Litigation (NYSE: HK)
Law Office of Brodsky & Smith, LLC Announces Investigation of Petrohawk Energy Corp.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Petrohawk Energy Corporation (“Petrohawk” or the “Company”) (NYSE - HK - News) relating to the proposed acquisition by BHP Billiton Ltd. (NYSE -BHP – News).
Under the terms of the offer, Petrohawk shareholders would receive $38.75 in cash for each share of Petrohawk common stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Petrohawk for not acting in Petrohawk shareholders' best interests in connection with the sale process to BHP Billiton Ltd. For example, at least one analyst has set a $39.00 price target for Petrohawk stock.
If you own shares of Petrohawk and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or by calling toll free 877-LEGAL-90.
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