WILMINGTON, Del., Aug. 17, 2015 /PRNewswire/ — Rigrodsky & Long, P.A.:
- Do you own units of Rentech Nitrogen Partners, L.P. (NYSE: RNF)?
- Did you purchase any of your units prior to August 10, 2015?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Rentech Nitrogen Partners, L.P. (“Rentech” or the “Company”) (NYSE: RNF) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by CVR Partners, LP (“CVR”) (NYSE: UAN), in a transaction valued at approximately $839 million.
Click here to learn more: http://rigrodskylong.com/investigations/rentech-nitrogen-partners-l-p-rnf.
Under the terms of the agreement, unitholders of Rentech will receive 1.04 units of CVR Partners and $2.57 of cash for each unit of Rentech they own. Based on CVR’s closing price on August 7, 2015, Rentech unitholders would have received compensation valued at approximately $13.69 per unit.
The investigation concerns whether Rentech’s board of directors failed to adequately shop the Company and obtain the best possible value for Rentech’s shareholders before entering into an agreement with CVR. According to Yahoo! Finance, at least one analyst has issued a price target for Rentech stock at $22.00 per unit.
If you own the common stock of Rentech and purchased your units before August 10, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to email@example.com, or at: http://rigrodskylong.com/investigations/rentech-nitrogen-partners-l-p-rnf.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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SOURCE Rigrodsky & Long, P.A.