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Exclusive | Activist Starboard Takes Big Stake in French-Fry Maker Lamb Weston
Activist investor Starboard Value has built a sizable stake in french-fry maker Lamb Weston LW 0.83%increase; green up pointing triangle and is pushing the company to speed up improvements and cost cutting to boost its underperforming stock, according to people familiar with the matter.
The details
Starboard is now one of the biggest shareholders in Lamb Weston, the people said. The exact size of the firm’s stake couldn’t be learned.
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