Lamb Weston to acquire full ownership of European JV for €700M

Lamb Weston Holdings, Inc.

€700M purchase: €525M cash + €175M in LW stock (valued at VWAP).
Acquires 100% of Meijer Frozen Foods B.V., which held 50% of JV Lamb Weston/Meijer.
Expected close in H2 fiscal 2023, subject to regulatory approvals and conditions.
Stock issued to seller is unregistered under Section 4(a)(2); subject to 6-month lockup.
Contingent payment: 50% of any proceeds from Russian market withdrawal to seller.

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