Harold Hamm’s pending $4.3 billion takeover of Oklahoma’s Continental Resources drew lots of attention, not only in the oil and gas industry but across the nation’s business section.
Here’s how it was headlined by Bloomberg.
Shale Titan Hamm Ups Continental Offer in Bid for ‘Freedom’
Oil tycoon sees ‘freedom to invest’ as a closely held producer
Biggest minority investor criticizes newest offer as too low
Reuters headlined it:
Founder Harold Hamm clinches deal to take shale producer Continental private
The story continued, “Continental Resources Inc. said on Monday it had agreed to a sweetened offer from founder Harold Hamm to take the U.S. shale producer private at a valuation of about $27 billion.
The story by Investor’s Business Daily was played this way—
Continental Investor Says Hamm’s Latest Take-Private Offer Is Still Too Low
Shale billionaire Harold Hamm’s latest offer to take Continental Resources Inc. private is still too low, according to Smead Capital Management, the oil explorer’s largest minority investor.
On Tuesday, Continental shares dropped 46 cents or 0.62% to finish the day at $73.68.