Continental Resources agrees to Hamm's revised takeover offer
Continental Resources has accepted an improved buyout offer from its founder Harold G Hamm and his family, which values the company at $27bn.
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Continental Resources has accepted an improved buyout offer from its founder Harold G Hamm and his family, which values the company at $27bn.
The energy billionaire's tender offer is for approximately 58 million shares of Continental's common stock, based on shares outstanding as of Oct. 12.
Continental Resources' board of directors approved Harold Hamm's offer to take the business private. The deal should close before the end of 2022.
Continental Resources has a market capitalization of more than $20 billion and unique assets. Click here to read why we recommend cautiously investing in CLR.
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