Reported about 1 month ago
Shares of Lamb Weston Holdings surged by up to 11% after activist investor Jana Partners disclosed a 5% stake in the company, advocating for strategic alternatives to address what it sees as the underperformance of Lamb Weston. The move follows a significant decline in the company's stock this year, and Jana's involvement could lead to changes in board composition, management, and strategic direction as it pushes for improvements to shareholder value.
Source: YAHOO