On November 9, 2016, Conagra completed the spin-off of Lamb Weston Holdings, Inc. through the distribution to Conagra's stockholders all of the outstanding common stock of Lamb Weston Holdings, Inc. (the "Distribution"). In the Distribution, each holder of Conagra common stock received one share of Lamb Weston Holdings, Inc.'s common stock for every three shares of Conagra common stock held as of the record date of November 1, 2016.
Beginning on November 10, 2016, Lamb Weston's common stock began regular way trading on the New York Stock Exchange under the ticker symbol "LW."
Below, you will find relevant tax-related information regarding the spin.
There is no action required on your part with respect to your shares of Conagra Brands, Inc. Its common stock continues to trade on the New York Stock Exchange under the ticker symbol "CAG."