Lamb Weston responds to TRC Capital’s “Mini-Tender” offer

The company states: “Lamb Weston (LW) announced that it has received notice of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation dated February 11, 2025, to purchase up to 2,000,000 shares of Lamb Weston’s common stock at a price of $55.95 per share in cash. TRC’s offer price of $55.95 per share is approximately 4.34% lower than the $58.49 closing share price of Lamb Weston’s common stock on February 10, 2025, the business day prior to the date of the offer. The offer represents approximately 1.4% of Lamb Weston’s outstanding common stock as of that date. Lamb Weston does not endorse TRC’s unsolicited offer or the offer documentation. Lamb Weston is not affiliated with or associated in any way with TRC, its mini-tender offer or its offer documentation.”