Lifeway Foods rejects Danone’s $283M ‘opportunistic’ takeover offer

Nov 5, 2024 · Lifeway Foods rejected a Sept. 23 offer by Danone to acquire the kefir maker for about $283 million, or $25 a share. Danone, a long-time shareholder in Lifeway, currently …

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Lifeway Foods Rejects Danone’s $283M ‘opportunistic’ Takeover Offer

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Nov 5, 2024 · Lifeway Foods rejected a Sept. 23 offer by Danone to acquire the kefir maker for about $283 million, or $25 a share. Danone, a long-time shareholder in Lifeway, currently …

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Danone's $283M Lifeway Foods Bid Faces Board Resistance …

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Nov 7, 2024 · Danone SA proposed to acquire Lifeway Foods for approximately $283 million ($25 per share in cash) on September 23, 2024. The Lifeway Foods Board rejected the offer on …

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Lifeway Foods Rejects Danone’s Takeover Offer

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Nov 6, 2024 · Lifeway’s board added that the rights plan does not prevent other offers to acquire the company. On Sept. 23, Danone offered $25 per share in cash to Lifeway Foods, which …

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Lifeway Foods Rejects Danone’s Takeover Bid Citing Undervaluation

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Nov 7, 2024 · Lifeway’s board, after consultation with independent financial and legal advisors, determined that the offer “substantially undervalues” the company. The US$25 per share bid …

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Lifeway Turns Down Offer From Danone | Dairy Processing

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Nov 5, 2024 · Lifeway turns down $283M offer from Danone. MORTON GROVE, ILL. — Fermented dairy manufacturer Lifeway Foods, Inc. announced Nov. 5 that its board of …

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Lifeway Foods Rejects Danone’s Takeover Offer As Undervalued

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Nov 5, 2024 · They recovered to trade relatively flat at $24.80 as of 4:08pm GMT. When the bid was disclosed on 23 September, via Danone North America, Lifeway Foods’ shares closed the …

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Danone Offers To Buy Lifeway Foods For $283M Amid Family …

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Danone offers $283M to acquire the remaining shares of kefir maker Lifeway Foods. The bid comes amidst a family feud and shareholder calls for a sale. Lifeway's leadership faces …

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Danone Bids $283m For Lifeway Foods - Foodmanufacture.co.uk

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Sep 25, 2024 · The bid disclosed in a filing to the Securities and Exchange Commission (SEC) in the US on 23 September. Valuing Lifeway Foods at $25 per share, the deal is worth around …

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Danone Offers To Buy Kefir Maker Lifeway Foods For $283M

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Sep 23, 2024 · The proposal to buy the company for $25 a share comes as Lifeway’s leadership remains embroiled in a bitter family dispute and the manufacturer faces shareholder calls to …

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Danone Proposes Acquisition Of Lifeway Foods For $283m

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Sep 25, 2024 · Danone, which currently holds a 23.4% stake in Lifeway, has expressed confidence in the potential benefits of a merger, citing Lifeway's recent performance and …

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FAQs about Lifeway Foods rejects Danone’s $283M ‘opportunistic’ takeover offer Coupon?

Why did LifeWay reject Danone's offer?

But Lifeway has rejected Danone's offer, arguing it undervalued the business. When Danone made its bid, the company said it amounted to a 59% premium to $15.74, Lifeway’s average price during the previous three months. ...

Did Lifeway Foods reject a Danone takeover offer?

The news this week that US kefir drinks and cheese maker Lifeway Foods has rejected a takeover offer from Danone may have raised a few eyebrows. And it will also raise questions about the strategy of both businesses. Alpro and Activia maker Danone already holds a 23.4% interest in the Nasdaq-listed Lifeway. ...

Does Danone own Lifeway Foods?

Dairy giant Danone offered to buy the remaining stock it doesn’t already own in kefir products maker Lifeway Foods for about $283 million, or $25 a share, according to a regulatory filing. Danone, a long-time shareholder in Lifeway, currently owns 23.4% of its common shares. ...

Does Danone's opportunistic proposal undervalue LifeWay?

After careful and thorough consideration, conducted in consultation with its independent financial and legal advisors, the Board determined that Danone's opportunistic proposal substantially undervalues Lifeway and is not in the best interests of the Company and its shareholders or other stakeholders. ...

Will LifeWay block Danone from taking full control?

Lifeway said the plan is intended to enable all shareholders to realise the full value of their investment in the business. However, it will also block Danone from taking full control of the company through open-market share purchases without paying a premium to shareholders. Not that Danone has suggested that is its intention. ...