LOW PRICE - UNFAIR BUYOUT
New York, New York/May 11, 2015 - A leading national securities and shareholder rights law firm announces that it is investigating the acquisition of Rosetta Resources, Inc. on behalf of its shareholders. Rosetta announced that it will be acquired by Noble Energy in a stock for stock deal. Under the definitive agreement, Rosetta shareholders will receive 0.542 of a share of Noble Energy common stock for each share of Rosetta common stock held. Based on the Noble Energy closing price on May 8, 2015, the transaction has an implied value to Rosetta shareholders of $26.62 per share Following the transaction, shareholders of Rosetta are expected to own 9.6 percent of the outstanding shares of Noble Energy.
The investigation has determined that the price of only $26.62 is unfairly low. Indeed. the stock has traded over $56 per share this past year and an analyst has opined that the stock is worth at least $36 per share. The investigation further seeks to determine whether the senior management of Rosetta are acting for their own self interests at the expense of the Company's shareholders.
If you are a shareholder of Rosetta and would like additional information regarding this matter at no cost or expense, including having your shares eligible for a higher price please contact us at 800.511.7037
