LSB Industries Inc., Oklahoma City, said July 6 that its Board of Directors has acted to implement a shareholders right agreement which is to reduce the likelihood of an ownership change by deterring any person or group of affiliated or associated persons from acquiring beneficial ownership of 4.9 percent or more of the outstanding common shares.
LSB said the purpose for the change is to preserve its net operating loss and other tax advantages. It said these are substantially limited if it experiences an ownership change.