NEW YORK, May 13, 2015 /PRNewswire/ -- Harwood Feffer
LLP (www.hfesq.com) is investigating potential claims against the
board of directors of Rosetta Resources Inc. ("Rosetta" or the
"Company") (NASDAQ: ROSE) concerning the proposed acquisition of
the Company by Noble Energy, Inc. ("Noble") (NYSE: NBL).
Under the terms of the transaction, Noble would acquire Rosetta
for approximately $2.1 billion.
Rosetta shareholders would receive 0.542 shares of Noble for each
share of Rosetta owned, worth approximately $24.75. Rosetta shares have traded
significantly higher than the offer price in the recent past and
closed above $54.80 per share as
recently as July 2014. According to Yahoo Finance, at least
one analyst has set a price target for Rosetta stock of
$36.00 per share.
Our investigation concerns whether the Rosetta board of
directors is fulfilling its fiduciary duties, maximizing the value
of the Company, disclosing all material benefits and costs, and
obtaining full and fair consideration for Company
stockholders.
If you own Rosetta shares and wish to discuss this matter with
us, or have any questions concerning your rights and interests with
regard to this matter, please contact:
Benjamin I Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: povers@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP