Thursday, August 13, 2015

Faruqi & Faruqi Case: Rentech Nitrogen Partners, L.P.

Faruqi & Faruqi, LLP Announces the Investigation of Rentech Nitrogen Partners, L.P. (RNF) Over the Proposed Sale of the Company to CVR Partners LP


Photo from Jessica Reilly of thonline.com


Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Rentech Nitrogen Partners, L.P. (“Rentech” or the “Company”) (NYSE:RNF) for potential breaches of fiduciary duties in connection with the sale of the Company to CVR Partners LP for approximately $533 million in cash and stock.


The Company’s stockholders will only receive approximately $14.20 (1.04 units of CVR Partners and $2.57 in cash) for each share of Company common stock they own. However, the offer represents a negative premium of -5.02% when compared to the Company’s opening price of $14.94 per share on August 12, 2015. Furthermore, the offer is significantly lower than even analysts’ low price target of $15.00 per share.

Fill out the contact form on the Faruqi & Faruqi website.

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