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Lamb Weston Jumps on Report of Post Mulling Possible Deal.

Authors :
Larkin, Catherine
Beene, Ryan
Source :
Bloomberg.com; 12/13/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Lamb Weston Holdings Inc. saw a rise in its shares following reports that Post Holdings Inc. is exploring a potential deal with the french-fry maker. This news led to a significant increase in Lamb Weston's stock price, while Post experienced a drop. The discussions come amidst pressure from activist investor Jana Partners for Lamb Weston to consider strategic alternatives. Post had previously considered acquiring Lamb Weston in 2015. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
181645723