Continental Resources Stock Surges After ‘Take Private’ Offer From Billionaire Hamm

Oil producer Continental Resources’s increased after billionaire Harold G. Hamm tabled a proposal to take the company private at $70-a-share in cash.

The stock (ticker: CLR) rose 7% to $68.90 on Tuesday’s premarket trading.

The Hamm family already owns over 80% of shares in Continental and is now trying to take the company private. Their…

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