Lamb Weston acquires remaining interest in European joint venture Lamb-Weston/Meijer for €700 million

Client(s) Lamb Weston Holdings, Inc.

Jones Day advised Lamb Weston Holdings, Inc. in the €700 million acquisition of the remaining equity interests in Lamb-Weston/Meijer v.o.f., its European joint venture with Meijer Frozen Foods B.V.

Lamb Weston now owns 100% of Lamb-Weston/Meijer v.o.f., formerly operated as a 50/50 joint venture between a wholly-owned subsidiary of Lamb Weston and Meijer Frozen Foods.

The final transaction consideration consisted of €525 million in cash, subject to certain adjustments, and 1,952,421 shares of Lamb Weston common stock.