Continental Resources shares up 8% in pre-conference trading, as the company said it had accepted a $ 70.41 billion deal from oil businessman Harold Hamm and his family in a $ 25.41 billion deal. .
The businessman and the family own 83% of the company’s shares and are now submitting a proposal for the redemption of the remaining shares they do not own.
The price of $ 70 per share corresponds to a premium of 9% compared to the closing on Monday and a premium of 11% compared to the weighted average volume price of the last 30 days until June 13.
It offers a premium of 21% in relation to the weighted average price of the volume of common shares traded in 2022.
The BoD will set up a special committee of independent directors to consider the offer.
Source: Capital
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