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Kendall Law Group, Founded by a Former Federal Judge, Launches Investigation for Encore Acquisition Company Shareholders
Monday, November 02, 2009 1:16 PM


Nov. 2, 2009 (Business Wire) -- Kendall Law Group, founded by a former federal judge, is investigating the Board of Directors of Encore Acquisition Company (NYSE: EAC) in connection with the proposed acquisition by Denbury Resources Inc.

On November 1, 2009, Encore and Denbury announced that they have entered into a merger agreement for the acquisition, which is valued at approximately $4.5 billion. According to the agreement, shareholders will receive $50 per Encore share owned, comprised of $15.00 in cash and $35.00 in Denbury stock.

Former Federal Judge Joe Kendall said that the “investigation concerns whether the consideration to be paid to shareholders is below the fair or inherent value of Encore and whether the directors and may have breached their fiduciary duties by not acting in the shareholders’ best interests in connection with the sale process.”

Kendall Law Group has nationwide experience representing investors in mergers and acquisitions. For information about your rights as an Encore shareholder, contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com.

(Source: iStockAnalyst )


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