Deals
Fertilizer Maker CVR to Buy Rival for $533 Million
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CVR Partners LP agreed to acquire Rentech Nitrogen Partners LP for about $533 million in cash and stock to create North America’s second-largest producer of urea ammonium nitrate, a fertilizer used on crops such as corn and cotton.
The offer values Los Angeles-based Rentech Nitrogen at $13.69 a share based on Friday’s closing price for CVR, the companies said in a statement Monday. That’s 33 percent more than where Rentech Nitrogen ended last week.