Consumer
Lamb Weston Jumps on Report of Post Mulling Possible Deal
The deliberations come as Lamb Weston faces pressure from an activist investor to explore strategic alternatives.
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Lamb Weston Holdings Inc. shares rose after Reuters reported that Post Holdings Inc. is working with bankers to explore a possible transaction with the french-fry maker.
Shares of Lamb Weston climbed as much as 9.1%, their biggest gain in almost two months. The stock has fallen 26% this year. Post fell as much as 4.8%, its largest intraday drop since October 2023.