Rentech Nitrogen Partners, L.P. Announces Closing of Merger with CVR Partners, LP
Rentech Nitrogen Partners, L.P. (NYSE: RNF) announced today the
completion of its merger with CVR Partners, LP.
Rentech Nitrogen and CVR Partners entered into a definitive merger
agreement on August 9, 2015 pursuant to which CVR Partners agreed to
acquire all of the common units of Rentech Nitrogen. Under the terms of
the transaction, each eligible Rentech Nitrogen common unit issued and
outstanding immediately prior to the closing was automatically converted
into the right to receive 1.04 units of CVR Partners and $2.57 of cash.
With the completion of the merger, Rentech Nitrogen is no longer being
traded on the New York Stock Exchange.
About Rentech Nitrogen Partners, L.P.
Rentech
Nitrogen (www.rentechnitrogen.com)
was formed by Rentech, Inc. to own, operate and expand its nitrogen
fertilizer business. Rentech Nitrogen’s East Dubuque facility is located
in the northwestern corner of Illinois, and uses natural gas as a
feedstock to produce primarily anhydrous ammonia and UAN solution for
sale to customers in the Mid Corn Belt.
Source: Rentech Nitrogen Partners, L.P.
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Copyright Business Wire 2016
Source: Business Wire
(April 1, 2016 - 9:01 AM EDT)
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