SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Denbury Inc. (NYSE – DEN)

BALA CYNWYD – July 14, 2023 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Denbury Inc. (“Denbury” or the “Company”) (NYSE – DEN) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Exxon Mobil Corporation (NYSE – XOM). The acquisition is an all-stock transaction valued at $4.9 billion, or $89.45 per share based on ExxonMobil’s closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share.

The investigation concerns whether the Denbury Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Exxon Mobil is paying too little for the Company. For example, the deal consideration is below the 52-week high of $104.05 for the Company’s shares.

If you own shares of Denbury stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.