Bloomberg Covers Engaged Capital and Lone Star Value’s Proxy Battle at Rentech
February 13, 2014
Bloomberg published extensive coverage of the ongoing proxy contest led by Olshan activist clients, Engaged Capital and Lone Star Value, who are seeking Board representation at Rentech, a wood-pellet processor and fertilizer manufacturer. The article cites to a public letter the dissident group sent to the Board of Directors of Rentech in which they accused Rentech’s Board and management of “failed strategies” and “wasteful spending” and urged them to refrain from any activities that may “further devalue” the company. Steve Wolosky and Ryan P. Nebel represent Engaged Capital and Lone Star Value in connection with their activist campaign at Rentech.