Noble Energy To Acquire Rosetta In All-stock Deal - Quick Facts

(RTTNews) - Noble Energy, Inc. (NBL) and Rosetta Resources Inc. (ROSE) 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. Rosetta shareholders will receive 0.542 of a share of Noble Energy common stock for each share of Rosetta common stock held.

Rosetta Resources is an independent exploration and production company engaged in the acquisition and development of onshore unconventional resource plays in the United States of America. The company owns positions in the Eagle Ford area in South Texas and in the Permian Basin in West Texas. Rosetta is based in Houston, Texas.

Following the transaction, shareholders of Rosetta are expected to own 9.6 percent of the outstanding shares of Noble Energy. The companies expect the transaction to close in the third quarter of 2015.