Cardinal Energy Ltd (Alberta) T.CJ

Going Private is Possibility(change the name to Edwards)

[Re1ndeer2]

OIL AND GAS

Billionaire-founder Harold Hamm offers to take Continental Resources private in $25 billion deal

PUBLISHED TUE, JUN 14 20227:13 AM EDT UPDATED TUE, JUN 14 20228:08 AM EDT

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KEY POINTS

• Shale producer Continental Resources said on Tuesday it has received an all-cash buyout proposal from billionaire-founder Harold Hamm’s family trust, which valued the company at $25.41 billion.
• Continental said its board has not yet had the chance to review the offer and would form a special committee of directors unrelated to the Hamm family to consider the proposal.
• If the independent committee rejects the proposal, the Hamm family will continue as long-term shareholders and would not push for any strategic options, according to the offer letter published by Continental.

[cre8value4me]

This is an ATM, I hope that it stays open but there is just too much money here the Billionares are not going to want to share for long!! Things are going to get intresting in this space!!!\\ So many cash cows over the years have just be taken away form us minnions!! GLTA I hope I am not right.