Acquisitions & Divestitures

Dallas-based E&P Denbury Resources Inc., (NYSE: DNR) has closed its acquisition of Fort Worth, Texas-based Encore Acquisition Co. (NYSE: EAC) for approximately $4.5 billion in cash, stock and debt assumption, including the value of the minority interest in the MLP Encore Energy Partners LP (NYSE: ENP), making it one of the largest oil-focused independent oil and gas companies in the U.S.

Denbury issued approximately 134.4 million shares of its common stock and paid approximately $829.4 million in cash to Encore stockholders, or about $50 per Encore share comprised of $15 ...