One of its shareholders, Sherwood Investments Overseas Ltd, has made a buyout offer to Rentech. Rentech's share just hit a 52 week low, and it admits it is cash strapped. Rentech has never turned a profit and admits it doesn't have the cash to fund its projects.
Sherwood seems to value Rentech's assets, and this may be the shot in the arm that Rentech needs. Read more here and here.