We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Continental Resources, Inc. (“Continental” or the “Company”) (NYSE: CLR), in connection with the proposed merger of the Company with Omega Acquisition, Inc., via tender offer. Under the terms of the merger agreement, the Company’s shareholders will receive $74.28 in cash for each share of Continental common stock owned.
Weiss Law is investigating whether (i) Continental’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $74.28 per-share merger consideration adequately compensates Continental’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, at least one analyst set a price target for the Company of $100 per share, $25.72 above the per-share merger consideration.