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Oil Co. Denbury To Shell Out $4.5B For Encore

Law360, New York (November 02, 2009) -- Oil exploration and production company Denbury Resources Inc. has announced a $4.5 billion deal to buy Encore Acquisition Co. in a definitive merger agreement to be underwritten by JPMorgan Chase & Co.

Under terms of the agreement, announced Sunday, Denbury would also assume debt and the value of a minority interest in Encore Energy Partners LP. The combined company would keep the...

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