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. (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.
Before we go into the results, I want to express my thanks to the entire Lifeway team for their unwavering commitment and seamless execution. Your dedication allows us to consistently deliver the ...
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 ...
"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 ...
The two largest holders of Lifeway Foods (NASDAQ:LWAY) are calling for the board of the maker of Kefir products to reconsider Danone's (OTCQX:DANOY) $25 a share offer. Edward and Ludmila ...
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 ...
That was amazing.” Beyond impressive growth, Lifeway Foods has a unique dairy story to tell. The company was founded in 1986 by Julie’s dad, Michael Smolyansky, a refugee from the former Soviet Union.
Lifeway Foods has rejected the takeover bid lodged by Danone in September as the US-based kefir maker deemed the offer to be undervalued. France-headquartered dairy giant Danone had sought to ...