SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Rosetta Resources Inc. And Encourages In...

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Rosetta Resources Inc. (“Rosetta” or the “Company”) (Nasdaq: ROSE) relating to the proposed buyout of the Company by Noble Energy, Inc.

Under the terms of the transaction, Rosetta shareholders are anticipated to receive 0.542 shares of Noble stock for each share of Rosetta that they own, representing an implied price per share of $26.62 based on Noble’s closing price on May 8, 2015. The transaction may undervalue Rosetta and may result in a substantial loss for many shareholders. For example, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Rosetta stock at $36.00 per share.

The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock.

If you currently own common stock of Rosetta and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at [e-mail] or by telephone at [phone].

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

Brower Piven, A Professional CorporationCharles J. Piven, 410-415-66161925 Old Valley RoadStevenson, Maryland [e-mail]