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Stull, Stull & Brody Announces Investigation on Behalf of Shareholders of Encore Acquisition Company

Posted : Mon, 02 Nov 2009 17:27:38 GMT
Author : Stull, Stull & Brody
Category : Press Release
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NEW YORK - (Business Wire) Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has commenced an investigation on behalf of shareholders of Encore Acquisition Company (“Encore” or the “Company”) (NYSE: EAC) for possible breaches of fiduciary duty and other violations of state law in connection with an agreement by Encore’s Board of Directors to sell all of the Company’s outstanding shares of common stock at a price of $50.00 per share in cash and stock to Denbury Resources, Inc. (“Denbury”) (NYSE: DNR).

If you own the common stock of Encore and wish to obtain additional information about this matter, please contact Stull, Stull & Brody at the toll-free number listed below. Stull, Stull & Brody has litigated many class actions for violations of securities laws and breaches of fiduciary duties on behalf of defrauded investors over the past 40 years and has obtained court approval of substantial settlements on numerous occasions.

The investigation concerns the price to be paid by Denbury to Encore shareholders and the process by which Encore’s Board of Directors is addressing the transaction. Under the terms of the proposed transaction, Encore shareholders will receive $15.00 in cash and $35.00 in Denbury common stock for each Encore share owned. Given that the stock portion of the consideration to be paid to Encore shareholders is subject to an election feature and a price collar mechanism, the proposed transaction appears to be unfair to Encore’s shareholders.

If you wish to discuss this matter or have any questions concerning this notice or your rights or interests with respect to this matter, please contact Aaron Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to ssbny@aol.com or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017.

Attorney advertising. Prior results do not guarantee a similar outcome.

Stull, Stull & Brody
Aaron Brody, Esq.
1-800-337-4983 or 212-687-7230
ssbny@aol.com


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