Post Holdings (POST) is working with investment bankers to explore a possible transaction with Lamb Weston (LW) as the frozen potato products maker faces pressure from an activist investor to sell itself, two sources familiar with the matter told Reuters’ Abigail Summerville and Svea Herbst-Bayliss. For Post, Lamb Weston has long been an attractive business that it considered buying in 2015 when the french-fry maker was still part of Conagra (CAG), the report noted.
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