Activist investor Jana Partners, alongside Continental Grain, is engaging with Lamb Weston to address financial performance, capital spending, and corporate governance, aiming to place five nominees on the board. The firm plans to enhance operational efficiency and align management incentives with shareholder value, potentially leading to a new CEO. A strategic review may also consider a sale, with Post Holdings as a possible acquirer, given its strong market performance since Lamb Weston’s spin-off.
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