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Stock impact report

Lamb Weston ‘on takeover radar of US peer Post Holdings' [Yahoo! Finance]

Post Holdings, Inc. (POST) 
Last post holdings, inc. earnings: 2/6 05:00 pm Check Earnings Report
US:NYSE Investor Relations: postholdings.com/investor-relations
Company Research Source: Yahoo! Finance
Post Holdings has hired investment bankers to explore ‘a possible transaction', two unnamed sources familiar with the proceedings were quoted by Reuters as saying on Friday (13 December). It would not be the first time that Post Holdings, which owns brands such as Simply Potatoes and Bob Evans Farms, has expressed an interest in acquiring New York-listed Lamb Weston, a branded and private-label supplier of frozen potato products. A report emerged from The Wall Street Journal in 2016 that Post Holdings was reputedly eyeing up Lamb Weston when it was still part of what was then ConAgra Foods. However, those talks eventually stalled, sources for the WSJ said at the time. The French fries maker was then spun-off that year into a separate business, when Tom Werner was appointed president and CEO of the French fries maker. He still heads up Lamb Weston today. Werner is now also dealing with pressure from Jana Partners, while Lamb Weston is facing lawsuits in the US for alleged pric Show less Read more
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