Lifeway Foods has said its board is “not opposed” to a potential sale of the company, despite rejecting two takeover bids from Danone. Danone, which already holds a 23.3% stake in Lifeway ...
Lifeway Foods, Inc. has turned down Danone North America’s revised proposal of around $307m ($27.00 per share in cash) stating it ‘substantially undervalues Lifeway and is not in the best interests of ...
In addition to kefir, Lifeway provides cheeses and a ProBugs range for children. Credit: The Image Party/Shutterstock. Key Lifeway Foods investors, Edward and Ludmila Smolyansky, have called for ...
Lifeway Foods, Inc. (NASDAQ:LWAY) shares are trading lower on Wednesday after the company’s Board of Directors rejected a revised unsolicited acquisition proposal from Danone North America PBC.
Lifeway Foods rejected an increased offer from Danone, with the kefir products maker saying the latest proposal “substantially undervalues” its business. Dairy giant Danone last week ...
"The board determined that Danone's $27 per share proposal substantially undervalues the Company. The board is not however opposed to the sale of the company at any price," Lifeway noted in a ...