When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
DNR - Denbury Resources: Set To Emerge From Bankruptcy Soon
Denbury Resources Inc.
Denbury Resources (DNR) (DNRCQ) appears set to emerge from bankruptcy soon after its restructuring plan was confirmed by the Bankruptcy Court. This plan will give second-lien noteholders most of the new equity in the company. Current shareholders will be left with Series B warrants equivalent to 2.5% of the new equity. The strike price for the warrants is roughly double Denbury's estimated post-restructuring price, which may end up in the high-teens if Denbury has 50 million post-restructuring shares.
Bankruptcy Case
Denbury's bankruptcy case has proceeded quickly. The company filed for bankruptcy