OKLAHOMA CITY--(BUSINESS WIRE)--Nov. 3, 2016--
LSB Industries, Inc. (NYSE: LXU) (“LSB or “the Company”) today announced
that its Board of Directors has initiated a process to explore and
evaluate potential strategic alternatives for the Company, which may
include a sale of the Company, a merger with another party, or another
strategic transaction involving some or all of the assets of the
Company. LSB has retained Morgan Stanley & Co. LLC as its financial
advisor to assist with the strategic review process. The Company stated
that there can be no assurance that this strategic review process will
result in a transaction. LSB has not set a timetable for completion of
the review process, and it does not intend to comment further regarding
the strategic review process unless a specific transaction is approved
by its Board of Directors and signed, the strategic review process is
concluded, or it is otherwise determined that further disclosure is
appropriate or required by law.
About LSB Industries, Inc.
LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma,
manufactures and sells chemical products for the agricultural, mining,
and industrial markets. The Company owns and operates facilities in
Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma, and operates
a facility for a global chemical company in Baytown, Texas. LSB’s
products are sold through distributors and directly to end customers
throughout the United States. Additional information about the Company
can be found on its website at www.lsbindustries.com.
Forward Looking Statement
This press release includes certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements generally are identified by use of the
words “may”, “will”, “believes”, “expects”, “estimates”, “intends”,
“anticipates”, “plans to”, “should”, “estimates”, “projects”, or similar
expressions, including, without limitation, completing a strategic
review process or entering into a transaction.
Investors are cautioned that such forward-looking statements are not
guarantees of future performance and involve risk and uncertainties.
Though we believe that expectations reflected in such forward-looking
statements are reasonable, we can give no assurance that such
expectation will prove to be correct. Actual results may differ
materially from the forward-looking statements as a result of various
factors. These and other risk factors are discussed in the
Company’s filings with the Securities and Exchange Commission (SEC),
including those set forth under “Risk Factors” and “Special Note
Regarding Forward-Looking Statements” in our Form 10-K for the year
ended December 31, 2015 and, if applicable, our Quarterly Reports on
Form 10-Q and our Current Reports on Form 8-K. All forward-looking
statements included in this press release are expressly qualified in
their entirety by such cautionary statements. We expressly
disclaim any obligation to update, amend or clarify and forward-looking
statement to reflect events, new information or circumstances occurring
after the date of this press release except as required by applicable
View source version on businesswire.com: http://www.businesswire.com/news/home/20161103006234/en/
Source: LSB Industries, Inc.
LSB Industries, Inc.
Mark Behrman, 405-235-4546
Equity Group Inc.
Fred Buonocore, 212-836-9607