Continental Resources Inc CLR:NYSE

Last Price$68.61NYSE Previous Close - Last Trade as of 7:00PM ET 8/12/22
NYSE 15-minute delayed Bid/Ask Quotes
Today's Change0(0.00%)
Bid (Size)$63.00 (9)
Ask (Size)$74.51 (3)
Day Low / HighN/A - N/A
Volume563.2 K

Update: Continental Resources Climbs Amid Non-Binding Proposal From Hamm Family to Acquire Remaining Stake

9:39AM ET 6/14/2022 MT Newswires
(Updates to include recent stock movement.)

Continental Resources (CLR) was up nearly 15% early Tuesday after it received a non-binding proposal from the Hamm family to acquire the remaining stake it does not already own in the company for $70 per share.

The offer represents a 9% premium to Continental's closing stock price on Monday, a roughly 11% premium to the company's volume weighted average price during the last 30 trading days and a 21% premium to the volume weighted average price of the stock traded during the year.

The company said its board intends to form a special committee of independent directors to evaluate the proposal. The Hamm family currently owns 83% of Continental.

Price: 73.89, Change: +9.39, Percent Change: +14.56