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Continental Resources Gets Buyout Offer From Founder
  + stars: | 2022-10-17 | by ( Chris Wack | ) www.wsj.com   time to read: 1 min
Continental would continue as the surviving corporation after merging with Harold Hamm’s Omega Acquisition. Continental Resources said Monday it is being bought by Omega Acquisition Inc., an Oklahoma corporation that is owned by Continental’s founder, Harold G. Hamm. The company said Omega will begin a tender offer to purchase any and all of the shares outstanding of Continental’s common stock at $74.28 a share, other than shares owned directly or indirectly by Mr. Hamm and the Hamm family, and shares of common stock underlying unvested equity awards issued pursuant to Continental’s long-term incentive plans.
Bank of America (BAC) – Bank of America jumped 3.1% in premarket trading after beating top and bottom line estimates in its third-quarter earnings report. News Corp. (NWSA), Fox Corp. (FOXA) – News Corp. gained 3.5% in the premarket while Fox Corp. slid 4.1%. Meta Platforms (META) – Meta is falling short of its goals for its flagship metaverse product "Horizon Worlds", according to internal documents seen by the Wall Street Journal. Goldman added 1% in premarket trading. Archaea Energy (LFG) – The natural gas producer's shares soared 51.1% in premarket trading after agreeing to be acquired by BP (BP) for $26 per share.
Fox Corp , News Corp — Fox shares dropped 8%, while News Corp gained more than 4% after Rupert Murdoch formed a special committee to explore a possible deal that would put his two media companies back together. Wells Fargo reiterated its equal weight rating on the streaming service ahead of the company's earnings this week. Speculative tech stocks — South American e-commerce stock Mercadolibre surged 11%, while Chinese tech stock Pinduoduo jumped more than 6%. Bank stocks — Several bank stocks moved higher Monday on positive earnings for the sector. Bank of NY Mellon gained 4.9% following its earnings beat and Signature Bank , set to report earnings on Tuesday, jumped 6%.
CNN —Jon Hamm hasn’t found many roles to rival his breakthrough “Mad Men” part, and “Confess, Fletch” certainly doesn’t either. “Confess, Fletch” doesn’t possess a whole lot of heft, but it manages to serve as an old-fashioned and playful star vehicle, carving out a version of the character that’s distinctive from Chase’s broader, more slapstick-oriented take. There are also small but playful touches, like Fletch wearing Lakers gear in, you know, Boston. Fletch might not really have any reason to confess, but on that modest level, the movie qualifies as a not-so-guilty pleasure. “Confess, Fletch” premieres in US theaters and on digital platforms on September 16.
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Persons: Jennifer Aniston, Reese Witherspoon, Jon Hamm, Nicole Beharie, Hamm, Charlotte Stoudt, Kerry Ehrin, Aniston, Steve Carell, Cory Ellison, Billy Crudup, Ted Lasso, Jason Sudeikis, Severance Organizations: Apple TV, Service, News Division, Apple, Fire TV, PlayStation, Rotten Locations: Wall, Silicon, Kansas, British
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