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Noble Energy picks up crosstown explorer Rosetta Resources for $3.9B :

May 11, 2015 - The Deal Pipeline
Mergers and Acquisitions

In the first of what's expected to be a wave of corporate mergers in the U.S. after the oil price slide, Houston oil and gas explorer Noble Energy Inc. (NBL) said Monday it agreed to buy Rosetta Resources Inc. (ROSE), also of Houston, for $3.9 billion, expanding it into the prolific Permian and Eagle Ford basins in Texas. The price includes $2.1 billion in stock and $1.8 billion in net debt as of March 31. Rosetta shareholders will get 0.542 of a share of Noble stock for each share they own, ...