BALA CYNWYD, Pa., August 13, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Rentech Nitrogen Partners L.P. ("Rentech" or "the Company") (NYSE -RNF-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to CVR Partners L.P. ("CVR Partners").
Click here to learn more about the investigation http://brodsky-smith.com/972-rnf-rentech-nitrogen-partners-lp.html, or call: 877-534-2590. There is no cost or obligation to you
Under the terms of the transaction, Rentech shareholders will receive only $2.57 in cash and 1.04 units of CVR Partners for each share of Rentech stock they own. The transaction values Rentech at only approximately $13.69 per share. The investigation concerns whether the Board of Rentech breached their fiduciary duties to shareholders and whether CVR Partners is underpaying for Rentech. The transaction may undervalue Rentech and will result in a loss or no real gain for many Rentech shareholders. For example, Rentech stock traded at $21.10 per share as recently as January 21, 2014 and an analyst has set a price target for Rentech stock at $22.00 per share.
If you own shares of Rentech and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/972-rnf-rentech-nitrogen-partners-lp.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC