LIFEWAY FOODS CONFIRMS RECEIPT OF REVISED, UNSOLICITED, NON-BINDING PROPOSAL FROM DANONE [Yahoo! Finance]
Lifeway Foods, Inc. (LWAY)
Last lifeway foods, inc. earnings: 5/18 05:59 pm
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Source: Yahoo! Finance
and fermented probiotic products to support the microbiome, confirmed that it has received a revised, unsolicited, non-binding proposal from Danone North America PBC ("Danone") to acquire all outstanding shares of common stock of Lifeway it does not already own for per share in cash. According to the Schedule 13D amendment filed today with the U.S. Securities and Exchange Commission disclosing the revised proposal, Danone beneficially owns approximately 23.3% of Lifeway's outstanding common stock. On November 5, 2024 , Lifeway announced that its Board of Directors (the "Board") had rejected Danone's initial unsolicited, non-binding proposal to acquire all the shares of Lifeway that it does not already own for per share because the Board determined that the initial proposal substantially undervalued Lifeway and was not in the best interests of the Company and its shareholders and other stakeholders. Consistent with its fiduciary duties, Lifeway's board of directors, in consultation
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LWAY
News
- Lifeway Foods turns down latest Danone takeover bid [Yahoo! Finance]Yahoo! Finance
- Lifeway Foods® Announces Latest Innovation: Probiotic Smoothie + Collagen [Yahoo! Finance]Yahoo! Finance
- Lifeway Foods® Announces Latest Innovation: Probiotic Smoothie + CollagenPR Newswire
- LIFEWAY FOODS REJECTS REVISED UNSOLICITED PROPOSAL FROM DANONE [Yahoo! Finance]Yahoo! Finance
- LIFEWAY FOODS REJECTS REVISED UNSOLICITED PROPOSAL FROM DANONEPR Newswire
LWAY
Sec Filings
- 11/20/24 - Form 8-K/A
- 11/20/24 - Form 8-K
- 11/15/24 - Form SC
- LWAY's page on the SEC website