Changes in US stocks | Aggressive investors will push to discuss sales matters Lamb Weston (LW.US) rises more than 10%

Zhitongcaijing · 10/18 15:41

The Zhitong Finance App learned that on Friday, Lamb Weston (LW.US) rose more than 10% in the intraday period. As of press release, it had risen 10.06% to $78.14. According to the news, activist investor Jana Partners has established about 5% of Lamb Weston's shares and plans to push the troubled French fries maker to explore the possibility of sale, according to people familiar with the matter. The activist investor also wants the company to improve its operations and capital allocation strategies. Jana is likely to nominate directors to the company's board of directors and work with industry executives, including Lamb Weston's former executive chairman Timothy McLevish.