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No Satisfaction: Starboard Turns Up the Heat on LSB

The New York activist fund agreed to place two on the company’s board last year. But with no action, the firm presses a more aggressive plan.

       Jeffrey Smith of Starboard (Bloomberg) Another company has learned that settling with an activist hedge fund does not mean the investor will take their board seat (or seats) and no longer cause trouble. The latest company to realize this: Oklahoma City–based LSB Industries, which is in the chemicals and climate controls businesses. In

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