Lamb Weston Stocks Surge with Potential Board Candidate Jeffery DeLapp

Investing.com -- Shares of leading french fry supplier Lamb Weston rose by as much as 5.1% following reports that activist investor Jana Partners is evaluating Jeffery DeLapp as a potential board candidate. This move is part of Jana Partners' efforts to create changes within the company. Jeffery DeLapp is no stranger to Lamb Weston, having previously served as president when the company was under the ownership of ConAgra Foods. Additionally, Lamb Weston's stock has increased by 9.3% this week, heading toward its best week since October 18. This date marks when Jana Partners disclosed acquiring a 5% stake in the company and intended to influence its direction.