Lifeway Foods confirms receipt of non-binding bid from Danone [Seeking Alpha]
DANONE S/ADR (DANOY)
NASDAQ:AMEX Investor Relations:
danone.com/en/for-you/investors/investor-center/investor-relations-contacts
Company Research
Source: Seeking Alpha
Lifeway's board, in consultation with its independent outside advisors, will review and evaluate the proposal to determine the course of action, according to a statement on Tuesday. Shares of Lifeway ( LWAY surged 24% on Tuesday and traded well above the $25 bid after Danone North America PBC sent a letter on Monday offering to buy the maker of Kafir products, according to a 13D filing . Danone has a 23.4% stake in Lifeway. A potential Danone purchase comes after a shareholder last June urged the company to sell itself. Recommended For You More Trending News Recommended For You More Trending News About LWAY Stock Related Stocks Trending Analysis Trending News
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