Activist Investor Starboard Value Pushes for Lamb Weston to Double Cost-Cutting Targets Activist investor Starboard Value is urging frozen french fry maker Lamb Weston to double its cost-cutting targets, citing high operating expenses compared to industry peers. In a letter…
Tag:
activist
-
-
Key Points: J.M. Smucker is appointing two new independent directors to its board as part of an agreement with activist investor Elliott Investment Management. Woo-Sung (Bruce) Chung, the CFO at NRG Energy, and former Snyder’s-Lance CEO David Singer will join…
-
Dive Brief: Elliott Investment Management has acquired a stake of approximately $4 billion in PepsiCo, with plans to push for changes at the food and beverage giant. The activist investor has outlined ways in which the company can boost revenue…
-
Summary: Jana has been urging Lamb Weston to make operational changes and consider a sale, following its partnership with Continental Grain. They criticized the company’s leadership decisions, especially appointing an insider as CEO. Despite this, a sale seems unlikely now,…