NEW
YORK, Oct. 17, 2022 /PRNewswire/
-- Shareholder rights law firm Julie & Holleman is
investigating the proposed acquisition of Continental Resources,
Inc. (NYSE: CLR) by Harold G. Hamm,
the company's founder, chairman, and controlling shareholder.
Pursuant to the deal agreement, Continental shareholders will
receive $74.28 per share following a
tender offer that is expected to occur this year.
To learn more about the investigation, click here. There is no
cost or obligation to you.
Continental is a top 10 independent oil producer in the U.S. and
has been a leader in America's energy renaissance. It is the
largest leaseholder and produced in several of the nation's most
productive oil and gas fields. According to SEC filings, Mr. Hamm
and his family own 83% of Continental's outstanding stock.
Continental has even admitted that Mr. Hamm and his family controls
the company, including the election of directors, the outcome of
various transactions, and other corporate activities.
Julie & Holleman is investigating potential legal claims
available to Continental's minority shareholders regarding the
proposed acquisition, including claims relating to potential
conflicts resulting from the fact that Mr. Hamm and his family
control the company they now want to buy. Julie & Holleman is
also concerned about the adequacy of the $9.60 per share acquisition price, as one analyst
recently established a price target of $100 per share, more than 33% greater than the
price agreed to by Continental's board of directors.
If you would like more information about Julie & Holleman's
investigation, or about the acquisition in general, please contact
W. Scott Holleman by email at
scott@julieholleman.com or by telephone at (929) 415-1020. You may
also visit the firm's website by clicking here. There is no cost or
obligation to you.
Julie & Holleman is a boutique law firm that focuses on
shareholder litigation, including derivative actions, mergers and
acquisitions cases, securities fraud class actions, and corporate
investigations. The firm's attorneys litigate in state and federal
courts across the nation. For more information about the firm,
please visit https://www.julieholleman.com/. This notice may
constitute attorney advertising.
CONTACT INFORMATION
Julie & Holleman LLP
W. Scott Holleman, Esq.
157 East 86th Street
4th Floor
New York, NY 10028
(929) 415-1020
www.julieholleman.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/clr-special-alert-julie--holleman-investigates-potential-legal-claims-related-to-take-private-acquisition-of-continental-resources-inc-301650895.html
SOURCE Julie & Holleman LLP