On August 18, Australian miner BHP Billiton and US-based shale gas company Petrohawk Energy Corporation (Petrohawk) announced that they have received notice from the Committee on Foreign Investment in the US stating that there are no national security issues of concern in relation to the transactions contemplated by the merger agreement between BHP Billiton and Petrohawk, including BHP Billiton's tender offer for all of the issued and outstanding shares of common stock of Petrohawk for US$38.75 per share in cash.
As SteelOrbis previously reported, the US competition regulator granted early approval for BHP Billiton's tender offer. Accordingly, all regulatory approvals regarding the tender offer have been satisfied.
The documents related to the tender offer have been filed with the US Securities and Exchange Commission (SEC). The tender offer is scheduled to expire at the end of Friday, August 19, 2011, unless the tender offer is extended or earlier terminated in accordance with the rules and regulations of the SEC and the merger agreement.