Faruqi & Faruqi, LLP Announces the Investigation of Rentech Nitrogen Partners, L.P. (RNF) Over the Proposed Sale of the Company to CVR Partners LP
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.
If you own common stock in Rentech and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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