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: [email protected]
Website: http://www.hfesq.com
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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.
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