Lifeway Foods Gets Higher Acquisition Offer From Danone — …

33 minutes ago · Lifeway on Friday said that Danone offered to purchase all of its shares that it didn't already own for approximately $307 million, or $27 apiece, in cash. The company …

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Lifeway Foods Gets Higher Acquisition Offer From Danone — …

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33 minutes ago · Lifeway on Friday said that Danone offered to purchase all of its shares that it didn't already own for approximately $307 million, or $27 apiece, in cash. The company …

morningstar.com

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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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Lifeway Foods Rejects Danone's $25 Takeover Bid, Adopts 'Poison …

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Nov 5, 2024 · The rejection of Danone's $25.00 per share acquisition offer and implementation of a poison pill defense strategy represents a significant development for Lifeway Foods. The …

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Lifeway Foods Rejects Danone’s Acquisition Proposal

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Nov. 5, 2024, 08:49 AM. Lifeway Foods ( (LWAY) ) has provided an announcement. Lifeway Foods’ board rejected Danone’s proposal to acquire remaining shares for $25 each, deeming …

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

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Sep 23, 2024 · The $25-a-share offer is a 59% premium to $15.74, Lifeway’s average price during the last three months. Lifeway’s stock closed Monday at $21.50 a share, giving it a market cap …

fooddive.com

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Danone Has Increased Its Acquisition Offer For Lifeway Foods

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34 minutes ago · Despite the rejection of Danone’s initial bid, Lifeway’s stock has performed well, gaining over 85% this year, partly due to strong financial results and market interest in its …

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Danone Raises Lifeway Foods Buyout Offer To $27 Per Share In …

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3 hours ago · Lifeway Foods (NASDAQ: LWAY) has received a revised, unsolicited, non-binding proposal from Danone to acquire all outstanding shares it doesn't already own for $27.00 per …

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Lifeway Foods Gets Higher Acquisition Offer From Danone

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Lifeway Foods said will review and evaluate the revised proposal. Danone currently owns about 23% of Lifeway’s outstanding common stock. Danone ups offer to $27 a share, compared with …

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Danone Increases Lifeway Acquisition Offer - USA Herald

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6 hours ago · Danone North America PBC has sweetened its bid to acquire the remaining shares of Lifeway Foods Inc., increasing its offer from $25 per share to $27 per share, totaling …

usaherald.com

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Lifeway Foods Stock Jumps Following Acquisition Offer

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Sep 23, 2024 · By Connor Hart. Shares of Lifeway Foods surged after Danone offered to buy all of the outstanding shares of the company that it doesn't already own for about $283.4 million. …

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FAQs about Lifeway Foods Gets Higher Acquisition Offer From Danone — … Coupon?

Why did Lifeway Foods reject Danone's takeover bid?

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 increase its 23.4% minority interest in the Nasdaq-listed business into full ownership, offering to buy the remaining shares at $25 a piece. ...

Will Danone buy Lifeway Foods?

France’s Danone BN -0.46% is offering to acquire Lifeway Foods LWAY 5.23% at a higher price after the Morton Grove, Ill., maker of probiotic foods rejected its previous offer. Lifeway on Friday said that Danone offered to purchase all of its shares that it didn’t already own for $27 apiece in cash. ...

Does Danone's opportunistic proposal undervalue Lifeway Foods?

“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,” Lifeway Foods concluded in the SEC filing. ...

What happened to Lifeway Foods shares?

When the bid was disclosed on 23 September, via Danone North America, Lifeway Foods’ shares closed the day at $21.50. Lifeway Foods has also sought today to block Danone from taking full control of the company through open-market share purchases without paying a premium to shareholders. A so-called rights issue has consequently been launched. ...

Is Lifeway Foods undervalued?

Lifeway Foods ( (LWAY) ) has provided an announcement. Lifeway Foods’ board rejected Danone’s proposal to acquire remaining shares for $25 each, deeming it undervalued. In response, Lifeway adopted a shareholder rights plan to prevent Danone from gaining control without paying a premium. ...

Did Danone respond to just food's rejection?

Danone had not responded to Just Food’s request for a reactionary comment to the rejection and how it now plans to proceed at the time of writing. The rights issue was detailed in a separate Lifeway Foods’ filing with the SEC yesterday and is set to be activated at the close of trading on 18 November. ...