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.
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Rentech is starting to sound like John Rivera and USSE. How much money did Mississippi taxpayers shell out to Rentech to get them to come here?
$15,000,000 was shelled out by MS taxpayers.
Does anyone know about the status of the proposed buyout?
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