RADNOR, PA / ACCESSWIRE / January 2, 2019 / Kaskela Law LLC is investigating Denbury Resources Inc. (NYSE: DNR) ("Denbury") of behalf of the Company's stockholders.
On October 28, 2018, Denbury announced that it had entered into an agreement to acquire Penn Virginia Corp. in a cash and stock transaction. According to the announcement, Denbury has agreed to exchange $25.86 per share in cash and 12.4 shares of newly-issued Denbury common stock for each share of Penn Virginia common stock, in a transaction valued at approximately $1.7 billion. Since the time of that announcement, shares of Denbury's common stock have declined over 60% in value.
The investigation seeks to determine whether the proposed transaction as structured is fair to Denbury and its stockholders, and whether Denbury stockholders are being provided with all material information necessary to evaluate and vote on the proposed transaction.
Denbury stockholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 - 1740, or via email at firstname.lastname@example.org, to discuss this investigation and their legal rights and options. Additional information may also be found at http://kaskelalaw.com/case/denbury-resources-inc/.
Kaskela Law LLC exclusively represents stockholders in state and federal actions throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
D. Seamus Kaskela, Esq.
KASKELA LAW LLC
201 King of Prussia Road
Radnor, PA 19087
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SOURCE: Kaskela Law LLC