Denbury to acquire Encore for $2.64 billion

摘要

Denbury Resources Inc., Dallas, (NYSE: DNR) plans to acquire Fort Worth, Texas-based Encore Acquisition Co. (NYSE: EAC) for approximately $2.64 billion in cash, stock and debt assumption, including the value of the minority interest in the MLP Encore Energy Partners LP (NYSE: ENP).Denbury will pay $50 per Encore share comprised of $15 in cash and $35 in stock subject to a collar mechanism. The acquisition also involves some $1 billion in Encore Acquisition debt. Denbury stockholders will hold approximately 63% to 68% of the combined company.