Rosetta Resources (ROSE) Tops Q2 EPS by 16c; Updates on Noble Energy (NBL) Merger

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Go back to Rosetta Resources (ROSE) Tops Q2 EPS by 16c; Updates on Noble Energy (NBL) Merger

Noble Energy (NBL) Announces Completion of Rosetta Resources Acquisition

July 20, 2015 4:54 PM EDT

Noble Energy (NYSE: NBL) announced that the stockholders of Rosetta Resources Inc. ("Rosetta") overwhelmingly approved the merger of Rosetta into a subsidiary of Noble Energy. The transaction closed following the shareholder meeting and the merger will be effective at the end of today. In conjunction with the closing, Rosetta will become a wholly owned subsidiary of Noble Energy and James E. Craddock, Rosetta's Chairman, CEO and President will join the Noble Energy Board of Directors.

Highlights of the acquisition for Noble Energy include:

Approximately 50,000 net acres in the Eagle Ford Shale... More