RADNOR, PA / ACCESSWIRE / January 26, 2019 / Kaskela Law LLC is investigating Denbury Resources Inc. ("Denbury") (NYSE: DNR) of behalf of the Company's shareholders.
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 will 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 thatannouncement, shares of Denbury's common stock have declined over50% in value.
The investigation seeks to determine whether Denbury's officers and/or directors violated the securities laws and/or breached their fiduciary duties in connection with the proposed transaction, and whether the proposed transaction as structured is fair to Denbury and its stockholders.
Denbury stockholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 - 1585 or (888) 715 - 1740, or online at http://kaskelalaw.com/case/denbury-resources-inc/, for additional information about this investigation and/or their legal rights and options.
Kaskela Law LLC exclusively represents shareholders in securities fraud and corporate governance 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
(888) 715 -1740
(484) 258 - 1585
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SOURCE: Kaskela Law LLC