'Jana Partners Teams Up With Continental Grain On Investment In Lamb Weston; Reportedly Holds 5% Stake And May Push For Sale And Board Seats' - WSJ
Portfolio Pulse from Benzinga Newsdesk
Jana Partners, in collaboration with Continental Grain, has acquired a 5% stake in Lamb Weston and may push for a sale and board seats. This activist move could lead to significant changes in the company's strategic direction.
October 18, 2024 | 12:42 pm
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Jana Partners and Continental Grain have taken a 5% stake in Lamb Weston, potentially pushing for a sale and board seats. This could lead to strategic changes and impact the company's future direction.
The acquisition of a 5% stake by activist investors Jana Partners and Continental Grain suggests potential strategic changes, including a possible sale or board restructuring. Such moves typically lead to increased investor interest and potential stock price appreciation.
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