Activist Jana is back in the kitchen at Lamb Weston – Here’s what could happen next
Publishing timestamp: 2024-11-02 07:41:37
Summary
Jana Partners, an activist investor, along with Continental Grain, is pushing for changes at Lamb Weston due to the company's poor financial performance. They are focusing on issues such as capital misallocation, operational blunders, and corporate governance failings. Jana has nominated a slate of industry executives to the board in order to address these issues and potentially explore strategic options, such as a sale of the company.
Sentiment: MIXED
Tickers: LW,
Keywords: lamb weston holdings inc, hedge funds, business news,