Harold G. Hamm and his family members entered a non-binding proposal letter to acquire remaining 17.7% stake in Continental Resources, Inc. (NYSE:CLR) for $4.8 billion on June 13, 2022. Harold G. Hamm and his family members entered an agreement to acquire remaining 17.7% stake in Continental Resources, Inc. for $5.1 billion on October 16, 2022. As of October 17, 2022, Harold G. Hamm and his family members will acquire all remaining shares of Continental Resources at $74.28 per share. It is anticipated that the transaction will be financed using a combination of (i) cash on hand, (ii) borrowings under existing revolving credit facility and (iii) a new term loan facility to be entered into in connection with the closing of the transaction. The Board of Continental Resources, Inc. intends to establish a special committee consisting of independent directors of the Board to consider the proposal. Continental's Board of Directors have unanimously approved the transaction. Subject to the satisfaction of customary closing conditions, the transaction is currently expected to close prior to December 31, 2022. As of October 24, 2022, Harold G. Hamm and his family members commenced the tender offer and is scheduled to expire on November 21, 2022. As of November 22, 2022, the Tender Offer expired and shares of Continental common stock are expected to cease trading on the New York Stock Exchange ("NYSE") prior to market open on November 23, 2022.

Hamm Family have engaged Intrepid Partners, LLC as financial advisor and David P. Oelman, Michael S. Telle and Stephen M. Gill of Vinson & Elkins L.L.P. as legal advisors. Bill Anderson, Peter D. Brundage and William Hiltz of Evercore Group L.L.C. is acting as financial advisors and fairness opinion provider and David A. Katz and Zachary S. Podolsky of Wachtell, Lipton, Rosen & Katz is acting as legal counsels to the special committee of Continental Resources. James R. Webb is the general counsel at Continental. Mark Metts & Katy Lukaszewski acted as legal advisors to Evercore Group L.L.C.

Harold G. Hamm and his family members completed the acquisition of remaining 17.7% stake in Continental Resources, Inc. (NYSE:CLR) on November 22, 2022. Hillary H. Holmes of Gibson Dunn & Crutcher acted as the legal advisor to Intrepid Partners, LLC in the transaction.