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Published on 2/24/2012 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

LSB Industries calls all noncumulative convertible preferreds

By Tali David

Minneapolis, Feb. 24 - LSB Industries, Inc. called all 451 of its noncumulative convertible preferred stock, according to an 8-K filed with the Securities and Exchange Commission.

The company will redeem the preferred shares (Cusip: 502160203) at a redemption price of par of $100 per preferred, for a liquidation preference of $45,100.

LSB is a manufacturing, marketing and engineering company based in Oklahoma City.


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