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.

Copyright Business Wire 2010

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