Chesapeake (CHK) Commences Tender for Bronco Drilling (BRNC)
CHK Hot Sheet
Overall Analyst Rating:NEUTRAL (= Flat)
Dividend Yield: 1.7%
Revenue Growth %: +49.1%
Chesapeake Energy Corporation (NYSE: CHK) has commenced a tender offer for all outstanding shares of Bronco Drilling Company, Inc. (Nasdaq: BRNC).
Upon the successful closing of the tender offer, Bronco stockholders will receive $11.00 in cash for each share of Bronco common stock tendered in the offer, without interest and less any required withholding taxes.
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Upon the successful closing of the tender offer, Bronco stockholders will receive $11.00 in cash for each share of Bronco common stock tendered in the offer, without interest and less any required withholding taxes.
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