Activist Starboard Pushes for Lamb Weston to Hold Investor Day

Starboard Value LP is urging french-fry maker Lamb Weston Holdings Inc. to host an investor day and make the case that it’s on a path to earnings growth.

The activist said in a letter to Lamb Weston’s board, reviewed by Bloomberg News, that the company needed to take the step to restore investor confidence. Starboard said it had met recently with Lamb Weston’s chief executive officer, finance chief and executive chairman.