Activist Starboard Increases Stake in Lamb Weston, Pushes for Cost Cuts and Asset Sale
Activist investor Starboard Value has accumulated a sizeable position in Lamb Weston Holdings Inc and is pressing the company for measures to shore up its stock price, including cost reductions and the divestiture of its Asia Pacific operations, according to a report citing people familiar with the matter. The exact size of Starboard's holding was …