KeyBanc Downgrades Rosetta Resources (ROSE) to Sector Weight

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Go back to KeyBanc Downgrades Rosetta Resources (ROSE) to Sector Weight

Noble Energy (NBL) to Acquire Rosetta Resources (ROSE) in $2.1B All-Stock Deal

May 11, 2015 6:33 AM EDT

Noble Energy, Inc. (Noble Energy) (NYSE: NBL) and Rosetta Resources Inc. (Rosetta) (NASDAQ: ROSE) today announced a definitive merger agreement whereby Noble Energy will acquire all of the common stock of Rosetta in an all-stock transaction valued at $2.1 billion, plus the assumption of Rosetta's net debt of $1.8 billion as of March 31, 2015.

Dave Stover, Noble Energy's Chairman, CEO, and President stated, "I am excited to announce this strategic transaction which adds two exceptional and material areas to our global portfolio. The Eagle Ford and the Permian... More