ROSETTA RESOURCES, INC. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Rosetta Resources, Inc. Over the ...
May 11 2015 - 5:17PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Rosetta Resources, Inc.
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. It is interesting to note that analysts
have set price targets for Rosetta 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 latest
securities litigation news, follow us on Twitter at
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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.
Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
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