Noble Energy $2.1 billion acquisition of Rosetta Resources

Overview:

• Noble Energy has acquired Rosetta Resources in an all-stock transaction valued at $2.1 billion. 
• For each share of Rosetta common stock that they held, Rosetta shareholders obtained .542 of a share of Noble Energy common stock.
• Noble Energy also exchanged its senior notes for $1.8 billion of senior notes of Rosetta Resources.
• Rosetta owns 50,000 net acres in the Eagle Ford Shale and 56,000 net acres in the Permian.
• Petrie Partners Securities acted as financial adviser to Noble Energy.
• Morgan Stanley acted as exclusive financial adviser to Rosetta.  

Rani Mehta - Journalist