CLR - Hamm family to buy Continental Resources for $74.28/share

Continental Resources ( NYSE: CLR ) +8.4% pre-market Monday after agreeing to be acquired by Chairman and founder Harold Hamm for $74.28/share, which includes $0.28/share in lieu of the company's anticipated Q3 dividend.

The Hamm family, which collectively owns 83% of Continental ( CLR ) total outstanding common shares, made a $70/share offer for all remaining shares in June.

Continental Resources ( CLR ) is continuing to generate 20%-plus FCF that can be expected to continue growing, The Value Portfolio writes in an analysis published recently on Seeking Alpha .

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