Rentech, Inc. RTK announced today that it has agreed to vote
its 59.7% ownership interest in Rentech Nitrogen Partners, L.P. RNF in favor of the proposed merger with CVR Partners LP. Upon the
closing of the merger, Rentech would receive approximately $318 million
in cash and units of CVR Partners, plus a retained interest in Rentech
Nitrogen's Pasadena facility, based on the closing unit price of CVR
Partners on August 7, 2015. Rentech and other holders of Rentech
Nitrogen would receive the value of the Pasadena facility upon the
disposition of the asset.
Rentech Nitrogen and CVR Partners will host a conference call today
at 7:00 a.m. PDT regarding the announcement. Additional details will be
provided in an investor presentation posted
See full press release
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