Activist Investor Stake Makes French Fry Stock Sizzle

Core Insights - Lamb Weston, a major supplier of fries to fast-food chains like McDonald's, is experiencing significant changes due to an activist investor's involvement [1] - The company's stock surged nearly 10% following news of Jana Partners acquiring a 5% stake, with Continental Grain also involved in seeking changes at Lamb Weston [1] - Lamb Weston shares have declined nearly 30% in 2024, prompting a restructuring plan that includes plant closures and layoffs due to slow restaurant traffic and shifts in consumer ordering behavior [1] Company Overview - Lamb Weston has a market value of approximately $10 billion [2]