NEW YORK, May 21, 2015 /PRNewswire/ -- Juan E.
Monteverde, a partner at 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.
Click here for more information: www.faruqilaw.com/ROSE.
There is no cost or obligation to you.
The investigation focuses on whether Rosetta's Board of
Directors breached their fiduciary duties to the Company's
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Rosetta's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients. To keep track of the
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If you own common stock in Rosetta and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/ROSE or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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Faruqi, LLP (www.faruqilaw.com). Prior results do not
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matter. We are happy to discuss your particular case.
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