Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Encore Acquisition Company

November 2, 2009 3:00 PM EST

BENSALEM, Pa.--(BUSINESS WIRE)-- Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors 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 their attempt to sell the Company to Denbury Resources, Inc. at a price of $50.00 per share in cash and stock ("Denbury") (NYSE: DNR).

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. The proposed transaction appears to be unfair to Encore's shareholders 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.

If you own shares of Encore, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or visit www.howardsmithlaw.com. You may also email my firm at howardsmith@howardsmithlaw.com.

    Source: Law Offices of Howard G. Smith

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