Business

Continent Resources purchased by Founder Hamm. Stock jumps.



Continental Resources

surged Monday after the company announced that it had been acquired by Omega Acquisition, an Oklahoma company owned by its founder.

Continental Resources

Harold Hamm.

Continental Resources (ticker: CLR) said Monday in a Press Release that Omega Acquisition will commence a public offer to purchase all outstanding shares of the common stock of oil and natural gas producers at $74.28 per share, excluding shares of the stock. popular vote owned by the Hamm family. That represents a 15% premium over the closing price on June 13, the day before Hamm initially suggested setting up a private fracking company.

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