Noble Energy to acquire substantial assets in Eagle Ford as part of $3.9B deal

May 11, 2015 1:07 PM

50 0

Noble Energy to acquire substantial assets in Eagle Ford as part of $3.9B deal

Rosetta (Nasdaq: ROSE) shareholders will receive 0.542 of a share of Noble Energy (NYSE: NBL) common stock for each share of Rosetta common stock held. The deal represents a 28 percent premium to the average price of Rosetta stock over the past 30 trading days, according to the companies. Rosetta shareholders are expected to own 9.6 percent of the outstanding shares of Noble Energy once the deal closes.

The deal is expected to close in the third quarter and requires the approval of Rosetta shareholders, as well as regulatory approvals and customary conditions. Both companies’ boards of directors unanimously approved the deal.

Read more

To category page

Loading...