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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Lifeway Foods Rejects Danone’s ‘opportunistic' Bid

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1 day ago · On September 23, Danone SA submitted a bid of around $283m to Lifeway Foods, offering $25 per share in cash. The bid was supported by Edward and Ludmila Smolyansky, …

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Lifeway Foods Rejects Danone’s Takeover Offer - Food Business News

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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 Offer, Adopts Shareholder Rights Plan

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Nov 5, 2024 · John Parra/Getty Images Entertainment. Lifeway Foods (NASDAQ: LWAY), the maker of kefir products. rejected an unsolicited $25 a share proposal from Danone …

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Lifeway Foods Defends Rejection Of Danone Acquisition Offer In …

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Nov 7, 2024 · On Nov. 6, Lifeway’s board of directors rejected Danone’s Sept. 23 proposal to acquire all the shares of Lifeway that it does not already own for $25.00 per share — a deal …

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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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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 …

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

Did Lifeway Foods reject a $25 a share proposal from Danone?

Lifeway Foods (NASDAQ: LWAY), the maker of kefir products. rejected an unsolicited $25 a share proposal from Danone (OTCQX:DANOY). Shares of Lifewayticked higher by ~1%. Lifeway (LWAY) also announced that it adopted a limited duration shareholder rights plan, according to a statement on Tuesday. ...

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. ...

Should LifeWay join Danone?

“We believe Lifeway has an attractive opportunity to achieve its full potential through a combination with Danone, removing the constraints and additional resources required for a publicly listed company of Lifeway’s size,” Shane Grant, CEO of Danone North America, said in a letter. ...

Does Danone's proposal undervalue LifeWay?

After consideration conducted in consultation with its independent financial and legal advisors, the board determined that Danone’s proposal substantially undervalues Lifeway and is not in the best interests of the company and its shareholders or other stakeholders. ...

Does Danone offer Activia & LifeWay yogurt?

Danone is no stranger to healthy dairy products, with a yogurt portfolio that includes probiotic-focused Activia and low-sugar Too Good yogurts. Adding the fast-growing Lifeway and its better-for-you offerings would complement these and other products already in Danone’s portfolio. ...

Who owns LifeWay shares?

Danone, a long-time shareholder in Lifeway, currently owns 23.4% of its common shares. Danone said in a letter sent to Lifeway on Monday that the offer “represents a compelling proposition to [its] shareholders and reflects the fundamental potential of the Company.” ...