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Stock Market & Financial Investment News

News Breaks
December 30, 2013
08:48 EDTLXUEngine Capital issues open letter to board of LSB Industries
Engine Capital LP, a shareholder of LSB Industries, released an open letter it sent to the Board of Directors of the company, critical of the company's corporate governance, corporate structure, communication with shareholders and repeated operational failures. Engine Capital expressed its belief that the company's inherent value far exceeds its current stock price, and that such unrealized value could be unlocked through improvement in the composition of the Board, a sale or spin-off of the company's climate control business, and conversion of a portion of the company's chemical assets into a publicly-traded master limited partnership.
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