Rentech +6% as hedge fund calls for spinoff of wood fiber business

|By:, SA News Editor

Rentech (RTK +6.1%) shareholder Dolphin Limited Partnership calls on RTK to spin off its wood fiber processing business and establish a strategic alternatives process to maximize value for RTK's 59.8% interest in Rentech Nitrogen Partners (RNF +2.9%).

Dolphin says a successful process that drives RNF to ~$30/unit would generate a near 50% increase in RTK's current share price.