ROSETTA RESOURCES, INC. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Rosetta Resources, Inc. Over the Proposed Sale of the Company to Noble Energy, Inc. - ROSE
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Rosetta Resources, Inc. (“Rosetta” or the “Company”) (Nasdaq: ROSE) for potential breaches of fiduciary duties in connection with the sale of the Company to Noble Energy, Inc. (“Noble Energy”) (NYSE: NBL) for approximately $2.1 billion in an all-stock transaction. The Company’s stockholders will receive 0.542 shares of Noble Energy for each share of Rosetta common stock they own.
The deal gives shares of Rosetta an implied value of $26.62, based on Noble Energy’s May 8 closing price of $49.12. Noble Energy has since declined to under $44 as of market close on May 21, 2015, lessening Rosetta’s sale price. Moreover, analyst price targets for Rosetta are as high as $36.00, $10 higher than the deal’s implied price per share.
If you own common stock in Rosetta and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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