Lsb industries, inc. adopts shareholder rights plan designed to protect the availability of its net operating losses

Oklahoma city--(business wire)--lsb industries, inc. (“lsb”) (nyse: lxu) announced today that its board of directors adopted a shareholder rights plan designed to protect the availability of lsb’s net operating loss carryforwards (“nols”) and other tax attributes under the internal revenue code (“section 382 rights plan”). as of december 31, 2019, lsb had approximately $611 million of u.s. federal nols that could be available to offset its future federal taxable income. lsb’s ability to use the
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