CLR - Continental Resources holder Bill Smead says Hamm trying to `steal' shale driller

Continental Resources (NYSE:CLR) holder Bill Smead said that billionaire Harold Hamm is trying to "steal" the shale driller from shareholders. "Harold Hamm is trying to steal the rest of the company away from us minority shareholders because he doesn't think he's being treated well in the stock market," Smead said in a CNBC interview. "He thinks his stock is worth $30 or $40/share more than it's trading at and the only solution is to take it private. Wait until someday when people get out of their ESG coma." Smead Capital, which owned 7.29 million shares or a 1.99%, stake in Continental Resources, is the largest shareholder after Hamm and his family. Smead's remarks come after Hamm earlier this month offered to buy the remainder of the shale driller he and his family don't already own for $4.3 billion, or $70/share. Developing story ...

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Continental Resources holder Bill Smead says Hamm trying to `steal' shale driller