Lamb Weston rises after deal with Jana, Continental over board seats

Lamb Weston Holdings

30/06/2025 14:46

** Shares of frozen potato products firm Lamb Weston LW.N rise as much as 2.9% to $54.97 in early trade

** Lamb Weston enters into deal with shareholders Jana Partners and Continental Grain Company

** To appoint six new members to company's board, including Bradley Alford, who will serve as chairman

** Jana was lining up support for a possible boardroom battle, after a survey showed roughly half of LW's top 50 shareholders wanted the entire board thrown out, according to a letter seen by Reuters earlier this month

** Board will increase to 13 directors from 11; changes to take place no later than on or about July 11 - co says

** Up to last close, LW has fallen 20% YTD

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))