.
MergerLinks Header Logo

New Deal


Announced

Harold G. Hamm to acquire the remaining stake in Continental Resources for $4.3bn.

Financials

Edit Data
Transaction Value£3,523m
Consideration TypeCash
Capital Owned83%
Capital Bid For17%
EV/Sales-
EV/EBITDA-
Share Price Premium15%
One Off Charge-

Tags

Edit

Acquisition

Mbo

petroleum

United States

Majority

Domestic

Single Bidder

Integrated Oil and Gas

gas exploration

Pending

Privatisation

Friendly

Public

Synopsis

Edit

Harold G. Hamm, the CEO of Continental Resources, agreed to acquire the remaining stake in Continental Resources, an oil and gas explorer and producer, for $4.3bn. "On behalf of myself, the Harold G. Hamm Trust and certain trusts established for the benefit of my family members, I am pleased to submit this proposal pursuant to which a newly formed entity on behalf of the Hamm Family would acquire for cash all of the outstanding shares of common stock of Continental Resources, other than shares of common stock owned by the Hamm Family and shares of common stock underlying unvested equity awards under Continental's long-term incentive plans, subject to the negotiation of satisfactory definitive agreements and the other matters described below," Harold G. Hamm.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US