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Starboard Value Boosts Stake in Lamb Weston, Demands Changes

3/9/2026

Summary

Story summary

Starboard Value, an activist investor, has significantly increased its stake in Lamb Weston, a $6.34 billion frozen-food company supplying McDonald's.
The move makes Starboard Value one of Lamb Weston's largest shareholders.
Starboard Value is urging Lamb Weston to implement operational improvements and cost-cutting measures to lift its stock price after a 10% drop.
Lamb Weston recently settled with Jana Partners, which granted Jana board representation.

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Story summary

Starboard Value, an activist investor, has significantly increased its stake in Lamb Weston, a $6.34 billion frozen-food company supplying McDonald's.
The move makes Starboard Value one of Lamb Weston's largest shareholders.
Starboard Value is urging Lamb Weston to implement operational improvements and cost-cutting measures to lift its stock price after a 10% drop.
Lamb Weston recently settled with Jana Partners, which granted Jana board representation.