Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Rentech Nitrogen Partners LP (NYSE: RNF) acted responsibly on behalf of investors’ profitability in the planned $533 million sale to CVR Partners LP (NYSE: UAN).
On August 10, 2015, Rentech Nitrogen Partners LP (NYSE: RNF) and CVR Partners LP (NYSE: UAN) announced that they had entered into a merger agreement. Under the terms of the merger agreement, each outstanding common unit of Rentech Nitrogen will be exchanged for 1.04 units of CVR Partners and $2.57 of cash. The value of Rentech stock is equivalent to $13.69 per share.
Based in Los Angeles, CA, Rentech Nitrogen Partners LP offers the production and sale of ammonia, urea ammonium nitrate solution, liquid and granular urea, nitric acid, food-grade carbon dioxide, ammonium sulfate, ammonium thiosulfate, and sulfuric acid products . The company is based in Los Angeles, California. Rentech Nitrogen Partners, L.P. is a subsidiary of Rentech Nitrogen Holdings, Inc.
The investigation is looking to uncover whether Rentech Nitrogen Partners LP was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $22.00 per share.
If you purchased Rentech Nitrogen Partners LP (NYSE: RNF) prior to August 10, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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