This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Denbury And Encore Stockholders Approve Merger

Denbury Resources Inc. (NYSE: DNR) (“Denbury”) and Encore Acquisition Company (NYSE: EAC) (“Encore”) today jointly announced that they have received the requisite stockholder approval to merge Encore with and into Denbury. Special meetings of the stockholders of each of Denbury and Encore were held this morning to consider and vote upon proposals to adopt the Agreement and Plan of Merger, dated as of October 31, 2009, by and between Denbury and Encore, which provide for, among other things, the merger of Encore with and into Denbury, and in Denbury’s case the issuance of Denbury common stock to Encore stockholders as part of the merger consideration.

The combined company will continue to be known as Denbury Resources Inc. (the “Company”) and will be headquartered in Plano, Texas. Denbury and Encore will consummate the merger upon completion of final documentation and filings for the merger and associated financing.

About Denbury

Denbury Resources Inc. ( http://www.denbury.com) is a growing independent oil and natural gas company. Denbury is the largest oil and natural gas operator in Mississippi, owns the largest reserves of CO 2 used for tertiary oil recovery east of the Mississippi River, and holds significant operating acreage in Louisiana, Alabama, and Southeast Texas. Denbury's goal is to increase the value of acquired properties through tertiary recovery operations, combined with a combination of exploitation, drilling, and proven engineering extraction practices.

Denbury is headquartered in Plano, Texas (a suburb of Dallas) and employs approximately 830 employees, the majority of whom are employed in field operations or field offices.

About Encore

Encore Acquisition Company ( www.encoreacq.com) is engaged in the acquisition and development of oil and natural gas reserves from onshore fields in the United States. Since 1998, Encore has acquired producing properties with proven reserves and leasehold acreage and grown the production and proven reserves by drilling, exploring, reengineering or expanding existing waterflood projects, and applying tertiary recovery techniques.

Encore is headquartered in Fort Worth, Texas.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
EAC $3.53 -0.56%
AAPL $122.25 -0.60%
FB $94.59 -2.50%
GOOG $630.44 -0.24%
TSLA $262.82 -0.38%

Markets

Chart of I:DJI
DOW 17,746.95 -4.44 -0.02%
S&P 500 2,106.06 -2.51 -0.12%
NASDAQ 5,120.8420 +9.1090 0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs