03:45 PM EST, 12/13/2024 (MT Newswires) -- Post Holdings ( POST ) is looking to acquire Lamb Weston ( LW ) and has retained investment bankers to assist with striking a deal, Reuters reported Friday, citing two sources familiar with the matter.

In October, activist investor Jana Partners disclosed a 5% equity stake in the frozen potatoes company and reportedly believed Lamb Weston ( LW ) could be an acquisition target for larger food companies.

Representatives for Post and Lamb Weston ( LW ) did not immediately respond to a request from MT Newswires seeking comment and additional information Friday afternoon.

Lamb Weston ( LW ) shares were up 7.5% late in Friday's trading session while Post recently was slipping 2.7%.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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