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Rentech shareholders urge changes, reiterate director nominations

1:02 PM MST | February 13, 2014 | Lindsay Frost

A percentage of Rentech Inc. shareholders, partially made up of investment firm members Engaged Capital and Lone Star Value Management calling themselves Concerned Rentech Shareholders (CRS), wrote a letter to the company's board on 13 February expressing frustration at a "lack of interest in working with us to resolve the issues that have led to the significant destruction of shareholder value at Rentech Inc." Rentech Inc. owns 60% of Rentech Nitrogen. CRS says the letter reiterates why the shareholders nominated four directors last month and it lists...

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