New York—Activist shareholder Starboard Value LP, which demanded change and got it at LSB Industries Inc., has exited its holding in the company. Much of the change had to do with reconstituting the board of directors and revolved around Starboard’s concerns that the company was being run like a small family business (GM Sept. 7 and 14, 2015). Starboard sold its last 1.61 million shares as of Dec. 31, 2015, according to recent filings with the U.S. Securities and Exchange Commission.
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