WILMINGTON, Del., May 11, 2015 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own shares of Rosetta Resources Inc. (NASDAQ GS:
ROSE)?
- Did you purchase any of your shares prior to May 11, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Rosetta
Resources Inc. ("Rosetta" or the "Company") (NASDAQ GS: ROSE)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company's entry into an agreement
to be acquired by Noble Energy, Inc. ("Noble") (NYSE: NBL), in a
transaction valued at approximately $2.1
billion.
Click here to learn more:
http://rigrodskylong.com/investigations/rosetta-resources-inc-rose.
Under the terms of the agreement, shareholders of Rosetta will
receive 0.542 shares of Noble for each share of Rosetta common
stock owned. Based on Noble's closing price on May 8, 2015, the day prior to the announcement,
Rosetta shareholders would have received compensation valued at
approximately $26.62 per
share.
The investigation concerns whether Rosetta's board of directors
failed to adequately shop the Company and obtain the best possible
value for Rosetta's shareholders before entering into an agreement
with Noble. According to Yahoo! Finance, at least one analyst
has issued a price target for Rosetta stock at $36.00 per share.
If you own the common stock of Rosetta and purchased your shares
before May 11, 2015, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Seth D.
Rigrodsky or Gina M. Serra at
Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone
at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/rosetta-resources-inc-rose.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/rosetta-resources-inc-shareholder-alert-rigrodsky--long-pa-announces-investigation-of-buyout-300081128.html
SOURCE Rigrodsky & Long, P.A.