InsideArbitrage Potential Deal Alert: Activist Investor Jana Partners to Push French-Fry Maker Lamb Weston (LW) to Explore a Sale

POTENTIAL DEAL DETAILS

The Wall Street Journal reported that activist investor Jana Partners has built a stake of roughly 5% in Lamb Weston (LW) and plans to push the struggling french fry maker to explore a sale.

The activist also wants the company to improve its operations and capital allocation strategy. Jana could nominate directors to the company’s board and is working with industry executives including Lamb Weston’s former executive chairman, Timothy McLevish.

Jana believes that Lamb Weston, which has attracted suitors over the years, could be a takeover target for larger food companies. The activist has teamed up with the agricultural investment firm Continental Grain on the investment.

Lamb Weston Holdings, Inc. Investor Relations

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.