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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on POST:
- Post Holdings management to meet with Mizuho
- Omnicom to acquire Interpublic, China to investigate Nvidia: Morning Buzz
- Post Holdings reports avian influenza at third-party contracted facility
- Post Holdings affirms FY25 adjusted EBITDA view $1.41B-$1.46B
- Post Holdings Faces Avian Flu Impact on Egg Supply
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue