SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Rosetta Resources, Inc.
May 21 2015 - 7:02PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Rosetta Resources, Inc. ("Rosetta” or "the Company") (Nasdaq: ROSE)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to Noble
Energy, Inc. (“Noble”).
Click here to learn more about the investigation
http://brodsky-smith.com/938-rose-rosetta-resources-inc.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Rosetta shareholders will
receive only 0.542 of a share of Noble stock for each share of
Rosetta stock they own. The transaction values Rosetta stock at
only approximately $26.62 per share. The investigation concerns
whether the Board of Rosetta breached their fiduciary duties to
shareholders and whether Noble is underpaying for Rosetta. The
transaction may undervalue Rosetta and would result in a
substantial loss for many Rosetta shareholders. For example, an
analyst has placed a $34.00 per share price target on Rosetta stock
and on June 3, 2014 Rosetta stock traded at $54.85 per share.
If you own shares of Rosetta and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will,
without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
510, Bala Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/938-rose-rosetta-resources-inc.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20150521006609/en/
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/938-rose-rosetta-resources-inc.html
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