Activist investor Starboard increases stake in Lamb Weston, urges faster return to profitability
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Gelonghui, March 9th｜According to the Wall Street Journal, sources say that activist investor Starboard Value has acquired a significant stake in the US food company Lamb Weston and is urging the company to accelerate operational improvements and cost reductions to help boost its stock price. The report states that Starboard has become one of Lamb Weston's largest shareholders, but the exact size of its stake is unclear. Lamb Weston has a market capitalization of approximately $6.34 billion and supplies potato side dishes and appetizers to fast-food chains such as McDonald's and Yum! Brands.
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