Lamb Weston Faces Management Overhaul Amid Investor Pressure
Lamb Weston(LW) ZACKS·2024-12-17 21:45
Lamb Weston Holdings, Inc. (LW) is facing pressure from JANA Partners, one of the company’s largest shareholders with more than 5% ownership. In the latest development, JANA Partners sent a letter to Lamb Weston, stressing that the latter needs major changes in its board and leadership. In the absence of any changes, JANA believes that LW should consider exploring strategic options, including a possible sale, to get the best value for its shareholders.Recent reports also suggested that Post Holdings (POST) ...