Buyout of Bronco Drilling Company Prompts Shareholder Investigation by Goldfarb Branham Law Firm LLP
18 Abril 2011 - 11:44AM
Business Wire
Goldfarb Branham LLP is investigating whether the board of
directors of Bronco Drilling Company, Inc. (NASDAQ: BRNC) violated
shareholder protection laws by agreeing to a buyout by Chesapeake
Energy for $11.00 per share. Concerned Bronco stockholders are
encouraged to contact attorney Hamilton Lindley toll-free at
877-583-2855 or at hlindley@goldfarbbranham.com about their rights
and remedies.
“Bronco investors will receive a 6 percent premium for their
stock in this buyout,” securities lawyer Hamilton Lindley said.
“Within the last three weeks, the stock has traded at $11.63.
Analysts have set the target price as high as $13.50 per share, and
there is reason to believe that this transaction undervalues the
company. Our proposed class action lawsuit seeks to ensure that the
buyout is fair to shareholders - both in terms of price and
information.”
Goldfarb Branham LLP lawyers have significant experience
representing shareholders and whistleblowers in securities lawsuits
nationwide. Bronco investors - or anyone with knowledge about this
acquisition - should contact lawyer Hamilton Lindley at
hlindley@goldfarbbranham.com or 877-583-2855.
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