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 info@rl-legal.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.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
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SOURCE Rigrodsky & Long, P.A.