Omega Acquisition, Inc. Commences Cash Tender Offer For Shares Of Continental Resources, Inc.

Author: Benzinga Newsdesk | October 24, 2022 06:47am

 Omega Acquisition, Inc. (the "Purchaser"), an Oklahoma corporation, 100% of the capital stock of which is owned by Harold G. Hamm, the founder and Chairman of the Board of Directors (the "Board") of Continental Resources, Inc. ("Continental" or the "Company"), today commenced a tender offer (the "Offer") to acquire all of the outstanding shares of common stock, par value $0.01 per share (the "Shares") of the Company, other than: (i) Shares owned by Mr. Hamm, certain of his family members and their affiliated entities (collectively, the "Hamm Family"); and (ii) Shares underlying unvested Company restricted stock awards (such Shares, together with the Shares referred to in clause (i), the "Rollover Shares"), for $74.28 per share (the "Offer Price"), in cash, without interest and subject to deduction for any required withholding taxes.

Posted In: CLR