EQUITY ALERT: The Rosen Law Firm Announces Investigation of Rosetta Resources Inc. Concerning its Proposed Sale to Noble Ener...
16 May 2015 - 11:50AM
Business Wire
The Rosen Law Firm, a global investor rights law firm, announces
that it is investigating the Board of Directors of Rosetta
Resources, Inc. (NASDAQ:ROSE) for possible breaches of fiduciary
duty and other violations of law by failing to adequately shop
Rosetta to maximize shareholder value before agreeing to be
acquired by Noble Energy Inc (NYSE:NBL).
If you would like to join the action, go to the firm’s website
at http://rosenlegal.com/cases-613.html or contact Phillip Kim or
Kevin Chan toll-free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive 0.542 shares of Noble for each share of Rosetta common
stock they own. The proposed transaction is valued at approximately
$2.1 billion. The investigation relates to whether the proposal is
fair to the public shareholders of Rosetta and whether Rosetta’s
Board breached its fiduciary duties in connection with the proposed
sale.
If you currently own shares of Rosetta and wish to obtain
additional information, please visit the firm’s website at
http://rosenlegal.com/cases-613.html. You may also contact Phillip
Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653
or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
The Rosen Law Firm, P.A.Phillip Kim, Esq.Kevin Chan,
Esq.Laurence Rosen, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: 1-866-767-3653Fax: (212)
202-3827pkim@rosenlegal.comkchan@rosenlegal.comlrosen@rosenlegal.comwww.rosenlegal.com
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