Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Bronco Drilling Company, Inc. - BRNC
15 Abril 2011 - 5:50PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Bronco Drilling Company, Inc. (“Bronco Drilling” or
the “Company”) (NasdaqGS: BRNC) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to Chesapeake Energy Corporation (NYSE: CHK) for
approximately $315 million, including debt. The proposed
transaction offers Bronco Drilling shareholders $11 per share in
cash in exchange for each Bronco Drilling share they hold.
According to Yahoo! Finance, at least one financial analyst values
Bronco Drilling at $13.50 a share.
Request more information now by clicking here:
www.faruqilaw.com/BRNC
Whether the Bronco Drilling’s Board of Directors breached their
fiduciary duties to Bronco Drilling’s stockholders by failing to
conduct an adequate and fair sales process to sell the Company
prior to agreeing to this proposed transaction, whether the
proposed transaction undervalues Bronco Drilling’s shares and by
how much this proposed transaction undervalues the Company to the
detriment of Bronco Drilling shareholders are the key focus of this
investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Bronco Drilling and wish to obtain
additional information, please visit us at www.faruqilaw.com/BRNC
or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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