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People & Business :: Earnings/Finance
Nitrogen Fertilizer Business to IPO
4:41 PM MDT | October 26, 2011 | Vincent Valk
Rentech Nitrogen Partners, the nitrogen fertilizer arm of Rentech, is planning an IPO worth up to $362 million, the company says. Rentech also has a biofuels businesses. The nitrogen business is planning to offer 15 million shares at $19-$21/share. Rentech Inc. will own about 60% of Rentech Nitrogen after the offering, the timing of which has not been disclosed. The company generated about $131.4 million in revenue and about $5 million in net income during the fiscal year ended September 30, 2010, the most recent full-year data available according to an...
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