Denbury Resources (DNR) Trades Higher Following Press Release on Buyout

July 20, 2020 6:56 AM EDT

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Denbury Resources (NYSE: DNR) traded higher following a press release, "Denbury Resources (DNR) Announces it's Evaluating Acquisition Proposal at $1.2 a Share."

The authenticity of the press release from Accesswire was questioned by some traders on Twitter.

UPDATE:

(Updated - July 20, 2020 8:01 AM EDT)

Denbury Resources' (NYSE: DNR) CEO said the company didn't issue a press release about a buyout offer, according to Bloomberg, citing a telephone interview. The earlier press release "looks fraudulent."



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