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 [phone] or by email at [e-mail].

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.

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