Activist Investor Stake Makes French Fry Stock Sizzle

Things are heating up in the French fry business. Shares of Lamb Weston (LW), a leading fries supplier to McDonald's (MCD) and other fast-food giants, jumped Friday on news that an activist investor has taken a stake in the struggling company and is looking to shake things up. The stock recently went up almost 10%. Regulatory filings today indicated that Jana Partners had acquired about a 5% stake in Lamb Weston. A Wall Street Journal report confirmed that another investor reporting a smaller stake in Lamb ...