LSB +3% on review of strategic separations, potential MLP for chemicals unit

LSB Industries (LXU +3.1%) surges to 52-week highs following a disclosure that it established a strategic committee to assist in reviewing and evaluating potential separations of business units and possibility of placing some or all of its chemical business into an MLP structure.

The news is not a total surprise, since activist investor Starboard Value reached an agreement with the company in April to get two seats on the board.

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