Lamb Weston surges 11% as activist investor Jana takes a 5% stake [Yahoo! Finance]
Lamb Weston Holdings, Inc. (LW)
Last lamb weston holdings, inc. earnings: 4/1 08:30 am
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US:NYSE Investor Relations:
lambweston.com/investors
Company Research
Source: Yahoo! Finance
The investment firm spent approximately $336 million to acquire 7,131,339 shares, which includes options for an additional 3,230,400 shares. Jana's acquisition was motivated by their belief that Lamb Weston's shares are currently undervalued and present a compelling investment opportunity. The activist investor plans to engage with Lamb Weston's board of directors and management to discuss a range of issues. These include what Jana perceives as self-inflicted errors leading to shareholder underperformance, as well as various core operating deficiencies. Among the identified areas of concern are customer demand planning, raw potato procurement, and the implementation of enterprise resource planning (ERP) systems. Furthermore, Jana intends to address Lamb Weston's capital expenditure strategy, share repurchase plans, and investor communication practices. They aim to improve transparency, particularly regarding the impact of the company's recent operational missteps on its capacit
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News
- Running on Ice: Drones cozy up to cold warehousing [Yahoo! Finance]Yahoo! Finance
- A ‘potato cartel' conspired to make your frozen fries 47% more expensive, lawsuits claim [Yahoo! Finance]Yahoo! Finance
- A ‘potato cartel' conspired to make your frozen fries 47% more expensive, lawsuits claim [Fortune]Fortune
- Idaho frozen french fry manufacturers sued for price fixing, forming potato ‘cartel' [Yahoo! Finance]Yahoo! Finance
- Lawsuits accuse ‘potato cartel' of price-gouging shoppers [Yahoo! Finance]Yahoo! Finance
LW
Earnings
- 10/1/24 - In-Line
LW
Sec Filings
- 11/12/24 - Form SC
- 11/5/24 - Form 4
- 10/31/24 - Form 144
- LW's page on the SEC website