BALA CYNWYD, Pa., May 19, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Rosetta Resources, Inc. ("Rosetta" or "the Company") (Nasdaq -ROSE-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Noble Energy, Inc. ("Noble").
Click here to learn more about the investigation http://brodsky-smith.com/938-rose-rosetta-resources-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Rosetta shareholders will receive only 0.542 of a share of Noble stock for each share of Rosetta stock they own. The transaction values Rosetta stock at only approximately $26.62 per share. The investigation concerns whether the Board of Rosetta breached their fiduciary duties to shareholders and whether Noble is underpaying for Rosetta. The transaction may undervalue Rosetta and would result in a substantial loss for many Rosetta shareholders. For example, an analyst has placed a $34.00 per share price target on Rosetta stock and on June 3, 2014 Rosetta stock traded at $54.85 per share.
If you own shares of Rosetta and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004 by visiting http://brodsky-smith.com/938-rose-rosetta-resources-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC