Billionaire shale tycoon Harold Hamm has offered to take private Continental Resources, the company he founded in the 1960s, in a deal valuing the company at $25 billion, the shale giant said on Tuesday. The board of directors of Continental Resources has received a non-binding proposal letter, dated June 13, 2022, from Harold Hamm and Hamm's family members to buy for cash all the outstanding shares of common stock of Continental, which is around 17%, that the family doesn't already own.
The Hamm Family's proposal is for $70.00 per share and represents…Oil Billionaire Harold Hamm Proposes To Take Continental Resources Private
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