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Benzinga
Benzinga
Business
Adam Eckert

FORGOTTEN HISTORY: Why continental resources stock is rising today - The Untold Story

Continental Continental Resources NYSE

Continental Resources Inc (NYSE:CLR) shares are trading higher Tuesday after the company announced the receipt of a "take private" proposal from the Hamm family.

Harold G. Hamm sent a non-binding proposal letter on behalf of himself, the Harold G. Hamm Trust and certain trusts established for the benefit of his family members to acquire all outstanding shares of the company for $70 per share in cash. 

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