Lamb Weston Holdings Inc Announces Agreement to Acquire Remaining Interests in European Joint Venture Meijer Frozen Foods BV- M&A Call Transcript
Good day, everyone, and welcome to the Lamb Weston update conference call. Today's call is being recorded. At this time, I'd like to turn the call over to Dexter Congbalay. Please go ahead.
Good morning. Thank you for joining us for our call today, and on such short notice. Today, we announced an agreement to purchase our partner's equity interest in Lamb Weston/Meijer, our 50-50 joint venture in Europe. Our press release and today's presentation are available on our website, lambweston.com. With me today are Tom Werner, our President and Chief Executive Officer; and Bernadette Madarieta, our Chief Financial Officer. Tom will provide an overview of the strategic benefits of the transaction and a snapshot of the combined company. Bernadette will then provide some details of the transaction before we take your questions.
First, please note that during our remarks, we'll make some forward-looking statements about the transaction and the company's business outlook and prospects. These statements
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