Lifeway Foods rejects Danone’s takeover offer | Food Business News

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 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’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 Gets Higher Acquisition Offer From Danone — …

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40 minutes ago · Shares rose 2.9%, to $24.24, in after-hours trading. In September, Paris-based Danone made an unsolicited proposal to buy the rest of Lifeway for about $283.4 million, or …

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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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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 Has Increased Its Acquisition Offer For Lifeway Foods

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41 minutes ago · French group Danone has increased its acquisition offer for Lifeway Foods from $25 to $27 per share, reflecting an 8% increase after Lifeway rejected the initial proposal. The …

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Lifeway Foods Gets Higher Acquisition Offer From Danone

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2 hours ago · 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. …

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Rosina Foods Cuts Ribbon On New $73 Million Facility

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08.26.2022. By Caleb Wilson. BUFFALO, NY. — Rosina Food Products Inc. has completed construction of its $73.2 million facility in West Seneca, NY. The new 105,000-square-foot …

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FAQs about Lifeway Foods rejects Danone’s takeover offer | Food Business News Coupon?

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. ...

Why did LifeWay reject a buyout bid from Danone?

By Colin Kellaher Lifeway Foods has rejected a buyout bid from France's Danone and has adopted a shareholder rights plan aimed at thwarting any hostile takeover. Lifeway on Tuesday said its board determined that the $25-a-share proposal from Danone substantially undervalues the Morton Grove, Ill., maker of probiotic foods. ...

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. ...

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. ...

Does Danone think LifeWay would be a good addition to its portfolio?

Whether that bid comes from Danone remains to be seen. If Danone thinks Lifeway would be a good addition to its portfolio, it may well come back with a better offer. Lifeway believes Danone’s offer undervalues its business. ...

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. ...