Takeover by Harold Hamm was big news

Harold Hamm of Continental Resources is pictured during NYSE Bell Ringing – CLR 50th Anniversary in New York


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 Resources Stock Surges On Boosted Takeover Offer

 Harold Hamm, the billionaire founder and chairman of Continental Resources (CLR), has upped his offer to take the shale oil giant private. Hamm’s decision to pay more for the company comes as both U.S. crude oil and natural gas futures have fallen from highs earlier in the year. Continental Resources stock advanced Monday.
At Yahoo Finance?

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.