LSB Industries, Inc. (NYSE:LXU) will seek acquisitions. Mark Behrman, President and Chief Executive Officer said, "In late September, we closed on our transaction with Eldridge Industries to exchange Eldridge's $310 million of LSB preferred stock for shares of our common stock. With this liability removed from our balance sheet, we received credit rating upgrades from the major rating agencies and proceeded in refinancing our debt through an offering of new senior notes. Both transactions have helped us significantly reduce our cost of capital and bolster our liquidity. We now have the flexibility to pursue earnings and cash flow growth opportunities through both organic initiatives and accretive acquisitions".