- Rentech (NYSEMKT:RTK +13.2%) shares surge on news that Blackstone Group's credit arm will invest $150M in the company in return for two board seats.
- RTK says the funds are intended to give its wood fibre processing business the scale necessary for a possible IPO as an MLP.
- Blackstone's GSO Capital partners co-founder Douglas Ostrover and former Smurfit-Stone Container CEO Patrick Moore will join RTK's board.
- RNF +2.9%.