Lamb Weston Shares Rise Amid Activist Investor Interest

Shares of Lamb Weston, a leading supplier of french fries, have increased by up to 5.1%. This surge follows news that activist investor Jana Partners is considering Jeffery DeLapp as a potential director candidate.

This initiative aligns with Jana Partners' ongoing efforts to instigate changes within the company.

Jeffery DeLapp has previously served as president of Lamb Weston when it was owned by ConAgra Foods (NYSE:CAG).

Moreover, Lamb Weston's stock has surged by 9.3% this week, marking its strongest performance since October 18. This date coincides with Jana Partners announcing its acquisition of a 5% stake in the company, highlighting its intent to influence the company's strategic direction.

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