Noble Energy (NYSE:NBL) has agreed to acquire Rosetta Resources (NASDAQ:ROSE) for $2.1B in stock, giving the energy producer a position in two of the largest areas of shale production in the U.S. - Eagle Ford and Permian.
Under the terms of the deal, Rosetta shareholders will receive 0.542 of a Noble share for each Rosetta share they hold. Noble will also assume Rosetta’s $1.8B in net debt.
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