Investing.com — Shares of Lamb Weston, a leading supplier of french fries, have seen an increase as much as 5.1% following the news that activist investor Jana Partners is considering Jeffery DeLapp as a potential director candidate.
This move is part of Jana Partners’ ongoing efforts to bring changes to the company.
Jeffery DeLapp is no stranger to Lamb Weston. He has previously held the position of president when the company was under the ownership of ConAgra Foods (NYSE:).
In addition to this, Lamb Weston’s stock has experienced a rise of 9.3% this week, which puts it on the path for its most successful week since October 18.
This was the date when Jana Partners announced that it had acquired a 5% stake in the company, indicating its intent to influence the company’s direction.
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