NEW YORK, Aug. 17, 2015 /PRNewswire/ -- 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.
Click here for more information: www.faruqilaw.com/RNF. There
is no cost or obligation to you.
The investigation focuses on whether Rentech's Board of
Directors breached their fiduciary duties to the Company's
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Rentech's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
consumer litigation, throughout all phases of litigation. The
firm has an experienced trial team which has achieved significant
victories on behalf of the firm's clients. To keep track of the
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If you own common stock in Rentech and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/RNF or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or
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