Lamb Weston shares are trading higher following a report indicating activist investor Jana Partners has built a 5% stake in the company and plans to push the company to explore a sale.
Portfolio Pulse from Benzinga Newsdesk
Lamb Weston shares are rising as activist investor Jana Partners acquires a 5% stake, potentially pushing for a company sale.
October 18, 2024 | 12:43 pm
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Lamb Weston shares are trading higher due to Jana Partners acquiring a 5% stake, indicating potential pressure for a company sale.
The acquisition of a 5% stake by Jana Partners, an activist investor, suggests potential strategic changes, such as a sale, which is driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100