EXCLUSIVE-Post Holdings working with bankers on possible Lamb Weston deal, sources say

Reuters12-14

EXCLUSIVE-<a href="https://laohu8.com/S/POST">Post Holdings</a> working with bankers on possible Lamb Weston deal, sources say

By Abigail Summerville and Svea Herbst-Bayliss

NEW YORK, Dec 12 (Reuters) - Post Holdings POST.N is working with investment bankers to explore a possible transaction with Lamb Weston Holdings LW.N, as the frozen potato products maker faces pressure from an activist investor to sell itself, two sources familiar with the matter said.

For packaged goods company Post, which makes Grape Nuts cereal and Bob Evans mashed potatoes, Lamb Weston has long been an attractive business that it considered buying in 2015 when the french-fry maker was still part of Conagra CAG.N.

Now Post is again exploring ways to own Lamb Weston and is consulting with bankers in the tight-knit food industry, said the sources who insisted on anonymity because the discussions are private.

Post has a market value of roughly $7 billion and the sources said there would be considerable synergies with Lamb Weston, which has a market value of roughly $10.5 billion, if a combination were to occur.

A representative for Post declined to comment while a representative for Lamb Weston was not immediately available for comment.

(Reporting by Svea Herbst-Bayliss and Abigail Summerville; Editing by Chizu Nomiyama)

((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2491592307?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-14 03:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2491592307","market":"us","top_or_hot":-1,"title":"EXCLUSIVE-Post Holdings working with bankers on possible Lamb Weston deal, sources say","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>EXCLUSIVE-<a href=\"https://laohu8.com/S/POST\">Post Holdings</a> working with bankers on possible Lamb Weston deal, sources say </title></head><body><p>By Abigail Summerville and Svea Herbst-Bayliss</p><p><span>NEW YORK, Dec 12 (Reuters)</span><span> - </span>Post Holdings <span>POST.N</span> is working with investment bankers to explore a possible transaction with Lamb Weston Holdings <span>LW.N</span>, as the frozen potato products maker faces pressure from an activist investor to sell itself, two sources familiar with the matter said.</p><p>For packaged goods company Post, which makes Grape Nuts cereal and Bob Evans mashed potatoes, Lamb Weston has long been an attractive business that it considered buying in 2015 when the french-fry maker was still part of Conagra <span>CAG.N</span>.</p><p>Now Post is again exploring ways to own Lamb Weston and is consulting with bankers in the tight-knit food industry, said the sources who insisted on anonymity because the discussions are private.</p><p>Post has a market value of roughly $7 billion and the sources said there would be considerable synergies with Lamb Weston, which has a market value of roughly $10.5 billion, if a combination were to occur.</p><p><span>A representative for Post declined to comment while a representative for Lamb Weston was not immediately available for comment.</span></p><p> (Reporting by Svea Herbst-Bayliss and Abigail Summerville; Editing by Chizu Nomiyama)</p><p> ((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EXCLUSIVE-Post Holdings working with bankers on possible Lamb Weston deal, sources say</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEXCLUSIVE-Post Holdings working with bankers on possible Lamb Weston deal, sources say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-14 03:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241213:nL1N3ND182:1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>EXCLUSIVE-Post Holdings working with bankers on possible Lamb Weston deal, sources say By Abigail Summerville and Svea Herbst-BaylissNEW YORK, Dec 12 (Reuters) - Post Holdings POST.N is working with ...</p>\n\n<a href=\"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241213:nL1N3ND182:1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1571399168.USD","symbol_name":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241213:nL1N3ND182:1","article_id":"2491592307","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491592307","pubTimestamp":1734119534,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"EXCLUSIVE-Post Holdings working with bankers on possible Lamb Weston deal, sources say By Abigail Summerville and Svea Herbst-BaylissNEW YORK, Dec 12 (Reuters) - Post Holdings POST.N is working with i","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","BK4212":"包装食品与肉类","LU0128526141.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" ACC","POST":"Post Holdings","BK4585":"ETF&股票定投概念","CAG":"康尼格拉","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1941712348.USD":"ALLIANZ PET AND ANIMAL WELLBEING \"AT\" (USD) ACC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","BK4558":"双十一","BK4524":"宅经济概念","BK4559":"巴菲特持仓","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","LU1941712264.USD":"ALLIANZ PET AND ANIMAL WELLBEING \"A\" (USD) INC","BK4588":"碎股","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","FRPT":"Freshpet","KHC":"卡夫亨氏","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LW":"Lamb Weston Holdings, Inc.","BK4504":"桥水持仓","LU0029874061.USD":"TEMPLETON GLOBAL SMALLER COMPANIES \"A\" YDIS INC","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","TSN":"泰森食品"},"translate_title":"消息人士称，EXCLUSIVE-Post Holdings正在与银行家就可能的兰姆韦斯顿交易进行合作","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSN":0.9,"KHC":0.9,"FRPT":0.9,"CAG":0.9,"LW":0.9,"POST":0.9},"content_text":"EXCLUSIVE-Post Holdings working with bankers on possible Lamb Weston deal, sources say By Abigail Summerville and Svea Herbst-BaylissNEW YORK, Dec 12 (Reuters) - Post Holdings POST.N is working with investment bankers to explore a possible transaction with Lamb Weston Holdings LW.N, as the frozen potato products maker faces pressure from an activist investor to sell itself, two sources familiar with the matter said.For packaged goods company Post, which makes Grape Nuts cereal and Bob Evans mashed potatoes, Lamb Weston has long been an attractive business that it considered buying in 2015 when the french-fry maker was still part of Conagra CAG.N.Now Post is again exploring ways to own Lamb Weston and is consulting with bankers in the tight-knit food industry, said the sources who insisted on anonymity because the discussions are private.Post has a market value of roughly $7 billion and the sources said there would be considerable synergies with Lamb Weston, which has a market value of roughly $10.5 billion, if a combination were to occur.A representative for Post declined to comment while a representative for Lamb Weston was not immediately available for comment. (Reporting by Svea Herbst-Bayliss and Abigail Summerville; Editing by Chizu Nomiyama) ((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,event","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491592307"}