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 email@example.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 firstname.lastname@example.org or 877-583-2855.
Bronco Drilling Company Incorporated (Nasdaq:BRNC) is trading at unusually high volume Friday with 2.8 million shares changing hands. It is currently at 7.6 times its average daily volume and trading up 67 cents (+6.4%).
Bronco Drilling Company Incorporated (Nasdaq:BRNC) hit a new 52-week high Thursday as it changed hands at $11.61 compared with its previous 52-week high of $11.24. Bronco is currently trading at $11.44 with 115,587 shares changing hands as of 10:25 a.m.