Harold Hamm, the billionaire executive chairman of Continental Resources Inc., is set to take the largest Bakken Shale producer private with a new deal announced Monday.

Continental Resources

The Oklahoma City-based public explorer entered into an agreement with Omega Acquisition Inc., an Oklahoma subsidiary owned by Hamm, to begin a tender offer for the company’s outstanding common shares at $74.28/share. The total valuation of the deal would be around $4.3 billion.

Once complete, Continental would continue as the surviving corporation, wholly owned by the Hamm family.

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