LSB Industries announced last night that it has decided to "terminate the formal sale process portion of its strategic review," which it launched in November 2016. This means it is no longer seeking a buyer for the company itself, although its assets could still be available.
It's a busy time for mergers and acquisitions in the global ag industry: Dow and DuPont, Syngenta and ChemChina, Bayer and Monsanto. Three deals, worth about a quarter trillion dollars.
It seemed as if there weren't any North American nitrogen assets worth buying or available for sale - except, now, Cornerstone Chemical.
An affiliate of Bloomberg News in Mexico recently reported that Pemex has hired UBS to "explore strategic alternatives" for its fertilizer subsidiary, including potential asset sales.