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LSB INDUSTRIES, INC. MAKES ANNOUNCEMENT

 OKLAHOMA CITY, May 27 /PRNewswire/ -- LSB Industries, Inc. (AMEX: LSB) ("LSB") announced today that it has completed the offering of its new $3.25 convertible exchangeable preferred stock, Series 2. A total of 920,000 shares were sold at $50 per share. LSB received net proceeds from the offering of $44,275,000. Lazard Freres & Co. was the underwriter of the offering.
 LSB is a diversified company engaged in a variety of manufacturing, engineering, marketing and financial service activities on a world wide basis. LSB's principal business activities consist of the manufacture and sale of chemical products for the explosives, agricultural and industrial markets, commercial and residential air conditioning products, automotive and industrial products and the financial services business. LSB's common stock and debentures are listed for trading on the American Stock Exchange.
 -0- 5/27/93
 /CONTACT: Tony M. Shelby, chief financial officer, LSB Industries, Inc., 405-235-4546/
 (LSB)


CO: LSB Industries, Inc. ST: Oklahoma IN: SU: OFR

SB -- NY055 -- 2941 05/27/93 12:05 EDT
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Publication:PR Newswire
Date:May 27, 1993
Words:167
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