Denbury Resources and Encore Acquisition Company jointly announced that they have received the requisite stockholder approval to merge Encore with and into Denbury. Special meetings of the stockholders of each of Denbury and Encore were held this morning to consider and vote upon proposals to adopt the Agreement and Plan of Merger, dated as of October 31, 2009, by and between Denbury and Encore, which provide for, among other things, the merger of Encore with and into Denbury, and in Denbury's case the issuance of Denbury common stock to Encore stockholders as part of the merger consideration.
The combined company will continue to be known as Denbury Resources Inc. and will be headquartered in Plano, Texas. Denbury and Encore will consummate the merger upon completion of final documentation and filings for the merger and associated financing.
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