ENCORE ACQUISITION CO
			Symbol			EAC

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

Finkelstein Thompson LLP Announces Investigation of Encore Acquisition Company

2009-11-06 15:51 ET - News Release

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.

The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try, click here for a free 30 day trial subscription.