UPDATE : The company denies this news release. Danbury Resources (DNR) Announces it’s Evaluating Acquisition Proposal at $1.2 a Share

Shares :

UPDATE : Denbury Resources Responds to Fraudulent Press Release

PLANO, TX / ACCESSWIRE / July 20, 2020 / American-owned Denbury Resources Inc. announces it has received an official offer for corporate buyout at $1.2 a share. This includes transferring full ownership of the company. The corporation making the offer is not revealed.

The agreement is expected to be successful and with it finalized, Denbury Resources would continue to operate on a business-as-usual basis.

Denbury Resources is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Plano, Texas. The company extracts petroleum via enhanced oil recovery, which utilizes carbon dioxide to extract petroleum from fields that have been previously exploited.

The acquisition would allow Denbury Resources to continue as a going-concern by receiving additional liquidity to cover its missed interest payments and a large debt portfolio.

Denbury Resources had net income of $74 million, or $0.14 per diluted share in the first quarter of 2020.

Media Contact
Company: Denbury Resources Inc.
Contact: Media Team
E-mail: press@denbury.com
Website: https://www.denbury.com

SOURCE:  Accesswire.com

M2Bio Sciences inc, an opportunity of a lifetime?| LOOK HERE

Sign up for MORE news updates


This article is written and published by The Stocks market 


Disclaimer : The Stocks market does not recommend selling or buying any of the company mentioned and is not responsible for any losses that may result. The Stocks market are engaged in the business of marketing and advertising companies.

The Stocks market and its employees may from time to time own shares of the companies named in the articles. All the facts reported by the cannabis stock are information that comes directly from the companies, from their website or on Sedar and are only published as information.


Shares :