Activist company Jana, Lamb Weston has asked for a plaque change between shareholders

By Svea Herbst-Bayliss

New York (Reuters) -Activist investor Jana Partners, after a survey showed half of the top 50 shareholders of the French Fry manufacturer, they wanted to lose half of the top 50 reuters.

Jana, Lambs organized about 7% of Weston and had about $ 8 billion, improving operations and capital and maybe a selling company for sale.

Now the Hedge Foundation, until the end of June, to nominate directors to sit on the 11-member board of Lamb Weston. For Jana, a spokesman refused to comment on the company’s plans.

Lamb Weston did not meet immediate comment.

Last month, Jana, the company’s share price chose the company’s stock price 37%, the best shareholders of LAMB, which is a sense of investor, and this has chosen the CEO in January.

Jana said that the shareholders in the letter supported the colleagues of the majority, stating that more than 80% of the polling stations supported a significant repairs of the board.

“Joint-stock trust in the council 1 (no confidence) 1 (significant confidence) was not available on average on a scale of 1 (significant confidence),” he said.

“Lamb Weston board wipe the destruction of billions of systematic failures and billions of shareholders magically,” Letter signed by Jana management partner and portfolio manager, Scott Ostfeld.

Involved investors to contact the company directly.

Jana has long fighting the plaque with the identification of industrial executors, including Potential Directors as Potential Directors, including Timothy Mclevish.

For the last time Jana, in 2022 of the shareholders for a vote, Zendesk’s questionnaire company received a vote in 2022 to plan the program scheduled program. Zendesk investors rejected the transaction by a wide margin and rejected his abolition.

(Suvea Herbst-Bayliss, Nia Williams)