ROSETTA SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Rosetta Resources, Inc. Over the Proposed Sale of the Company to Noble Energy, Inc. - ROSE

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Rosetta Resources, Inc.

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Faruqi & Faruqi, LLP

May 21, 2015, 04:43 ET

NEW YORK, May 21, 2015 /PRNewswire/ -- 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. Noble Energy has since declined to under $44 as of market close on May 21, 2015, lessening Rosetta's sale price. Moreover, analyst price targets for Rosetta are as high as $36.00, $10 higher than the deal's implied price per share.

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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 www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

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 [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.

Contact:

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
[email protected]
Toll Free: (877) 247-4292
Phone: (212) 983-9330

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