Activist Practice Negotiates 2 Board Seats for Starboard at LSB Industries
The Wall Street Journal and other media sources reported on the successful negotiation of a settlement by Olshan client Starboard Value with LSB Industries, an NYSE-listed manufacturing and marketing company. The agreement calls for LSB Industries to nominate Starboard candidates Daniel D. Greenwell and William F. Murdy for election to the Board at the upcoming annual meeting. LSB Industries also agreed to appoint Messrs. Greenwell and Murdy to a newly formed Strategic Committee of the Board. Steve Wolosky, Andrew Freedman and Meagan Reda represented Starboard in connection with its investment in LSB Industries and the settlement negotiation.