Raging Capital Files 13D on Rentech

Purpose of Transaction.
The Reporting Persons believe that the securities of the Issuer are significantly undervalued and represent an attractive investment opportunity.  The Reporting Persons seek to engage in a constructive dialogue with the Issuer’s Board of Directors regarding opportunities to maximize shareholder value.
Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of securities of the Issuer at prices that would make the purchase or sale of such securities desirable, the Reporting Persons may endeavor to (i) increase or decrease their position in the Issuer through, among other things, the purchase or sale of securities of the Issuer on the open market, in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable and/or (ii) engage in short selling of or any hedging or similar transaction with respect to the securities of the Issuer.