PHILADELPHIA, Oct 20, 2022 /PRNewswire/ — Kaskela Law LLC announces that it is investigating Continental Resources, Inc. (NYSE: CLR) (“Continental”) on behalf of the company’s shareholders.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
On October 17, 2022, Continental announced that it had agreed to be acquired by Omega Acquisition, Inc. (“Omega”), an entity owned by Continental’s founder, Harold G. Hamm. Pursuant to the merger agreement, Omega is expected to commence a tender offer to purchase “any and all of the outstanding shares of Continental’s common stock at $74.28 per share,” other than CLR shares already owned by Mr. Hamm. The tender offer price of $74.28 per share is less than a 10% premium to the stock’s prior trading day closing price of $68.22.
The investigation seeks to determine whether Continental’s officers and directors failed to maximize the buyout price for the company’s stockholders, or otherwise breached their fiduciary duties to Continental stockholders in agreeing to sell the company at $74.28 per share to Mr. Hamm.
Continental shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by email (skaskela@kaskelalaw.com / abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/continental-resources-inc/ , for additional information about this investigation and their legal rights and options.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
CONTACT:
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229 – 0750
(888) 715 – 1740
www.kaskelalaw.com
This notice may constitute attorney advertising in certain jurisdictions.
View original content to download multimedia:https://www.prnewswire.com/news-releases/buyout-investigation-alert-kaskela-law-llc-announces-investigation-of-continental-resources-inc-nyse-clr-and-encourages-shareholders-to-contact-the-firm-301654705.html
SOURCE Kaskela Law LLC
