Published:
Finkelstein Thompson LLP Announces Investigation of Encore Acquisition Company
WASHINGTON - (BUSINESS WIRE) - Finkelstein Thompson LLP is investigating potential claims on behalf of
shareholders of Encore Acquisition Co. ("Encore" or the "Company")
(NYSE: EAC) arising from the Company's agreement to be acquired by
Denbury Resources, Inc. ("Denbury" )(NYSE: DNR) in a deal valued at $4.5
billion. Under the proposed acquisition, Encore's shareholders will
receive $15.00 in cash and $35.00 in Denbury common stock for each share
of Encore stock they own.
The investigation is focused on the potential unfairness of the
consideration to be paid to Encore shareholders as well as the potential
unfairness of the process by which the Encore's Board of Directors is
addressing the transaction. In particular, the consideration of
approximately $50 per share offered to Encore shareholders appears to be
lower than the target price issued by financial analysts for Encore
stock, with one analyst issuing a target price for Encore stock of $60
per share. Further, the merger agreement provides for a hefty
termination penalty of $120 million.
If you are interested in discussing your rights as an Encore
shareholder, or have information relating to this investigation, please
contact Finkelstein Thompson's Washington, D.C. offices at (877)
337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients in
financial litigation, and has been appointed as lead or co-lead counsel
in dozens of shareholder class actions. Indeed, the firm has served in
leadership roles in cases that have recovered over $1 billion for
investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our web site
at www.finkelsteinthompson.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Finkelstein Thompson LLP
Donald Enright, 202-337-8000
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