CVR Partners to acquire Rentech Nitrogen for $533M

• CVR Partners (NYSE:UAN) has agreed to buy Rentech Nitrogen Partners (RNF) for $533M, excluding debt and Rentech's Pasadena plant.
• Under terms of the deal, Rentech Nitrogen shareholders will receive 1.04 units of CVR Partners and $2.57 cash for each unit held, representing a premium of 33% to Rentech Nitrogen's closing price on Friday.
• "Once the merger is complete, we will be the second largest producer of urea ammonium nitrate in North America," said CVR Chief Executive Jack Lipinski.