Harold Hamm has launched a bid to take Continental Resources private
Hamm aims to take Continental back to the future
Founder and chairman sees value in privacy
Billionaire Harold Hamm launched a bid in June to acquire the shares in US independent Continental Resources that he does not own already. If the bid is successful, it would turn the company back into a private one, giving it—in Hamm’s view—greater operating freedom. The Hamm family currently owns c. 83pc of Continental’s common stock. Under the proposal, a new entity acting on behalf of the family would acquire the remainder of the stock for $70 per share. The bid values Continental at $25.4bn and represents a 9pc premium to the closing price of the stock on 13 June. In a letter to the company, Hamm also notes it represents an 11pc premium to the stock’s average price in the 30 days up to t
Also in this section
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
