FTC Signs Off On $12B BHP-Petrohawk Deal

Law360, New York (July 25, 2011, 11:43 AM EDT) -- A proposed $12.1 billion merger between Australian mining giant BHP Billiton Ltd. and oil and gas company Petrohawk Energy Corp. moved one step closer to completion Monday after U.S. antitrust regulators ended a mandatory waiting period early.

The Federal Trade Commission notified the two companies that it had granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, meaning the agency has completed its review of the deal and determined that it passes antitrust muster.

The acquisition “provides us with even greater exposure...
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