Continental Resources
was surging Monday after the company announced it was being bought by Omega Acquisition, an Oklahoma company owned by the founder of
Continental Resources
Harold Hamm.
Continental Resources (ticker: CLR) said Monday in a press release that Omega Acquisition will begin a tender offer to purchase all of the outstanding shares of the oil and natural gas producers common stock at $74.28 a share, not including shares of common stock owned by the Hamm family. That represents a 15% premium to the closing price on June 13, which was the day before Hamm initially offered to take the fracking company private.
