ROSETTA RESOURCES INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
May 13 2015 - 6:22PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Rosetta
Resources Inc. (NASDAQ GS: ROSE)?
- Did you purchase any of your shares
prior to May 11, 2015?
- Do you think the proposed buyout
value is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Rosetta
Resources Inc. (“Rosetta” or the “Company”) (NASDAQ GS: ROSE)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Noble Energy, Inc. (“Noble”) (NYSE: NBL), in a
transaction valued at approximately $2.1 billion.
Click here to learn more:
http://rigrodskylong.com/investigations/rosetta-resources-inc-rose.
Under the terms of the agreement, shareholders of Rosetta will
receive 0.542 shares of Noble for each share of Rosetta common
stock owned. Based on Noble’s closing price on May 8, 2015, the day
prior to the announcement, Rosetta shareholders would have received
compensation valued at approximately $26.62 per share.
The investigation concerns whether Rosetta’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Rosetta’s shareholders before entering into an agreement
with Noble. According to Yahoo! Finance, at least one analyst has
issued a price target for Rosetta stock at $36.00 per share.
If you own the common stock of Rosetta and purchased your shares
before May 11, 2015, if you have information or would like to learn
more about these claims, or if you wish to discuss these matters or
have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Seth D.
Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter
Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888)
969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/rosetta-resources-inc-rose.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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