Lamb Weston Stock Surges on Activist Investor Interest: Jana Partners Pushes for Sale

Lamb Weston Holdings, Inc. (LW) shares are experiencing a significant surge on Friday following news that activist investor Jana Partners has acquired a 5% stake in the company. Jana Partners plans to encourage Lamb Weston to explore a potential sale and intends to improve the company’s operational and capital-allocation strategies. The move comes at a challenging time for Lamb Weston, with the company’s stock down significantly this year.

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