Edward and Ludmila Smolyansky Support Danone Bid to Acquire Lifeway Foods (NASDAQ: LWAY)
Lifeway Foods, Inc. (LWAY)
Last lifeway foods, inc. earnings: 5/18 05:59 pm
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US:NASDAQ Investor Relations:
lifewaykefir.com/investor-relations
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Source: PR Newswire
CHICAGO, Nov. 7, 2024 /PRNewswire/ -- On September 23, 2024, Danone SA (OTCQX: DANOY) proposed to acquire Lifeway Foods (NASDAQ: LWAY) in a transaction valued at approximately $283 million, offering $25 per share in cash. However, on November 6, the Lifeway Foods Board of Directors rejected the offer, instead adopting a "poison pill" limited shareholder rights plan.Edward and Ludmila Smolyansky, significant shareholders and members of Lifeway Foods' founding family, released the following statement in response:"For nearly four decades, we have fostered Lifeway's growth with careful attention to what is best for the company's future. Today, we strongly support Danone's offer, which represents a substantial premium over Lifeway's recent share price and reflects their confidence in the growing U.S. kefir market — a category we helped build from the ground up."As we approach one of most significant and closely watched earnings releases in Lifeway's history, we remain optimistic about the
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News
- Rising Health Awareness Driving Demand for Custom Dry Ingredients Blends Market Forecast to Grow at 4.1% CAGR by 2033 | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- Lifeway Foods® to Report Third Quarter 2024 Results on November 14, 2024 [Yahoo! Finance]Yahoo! Finance
- Lifeway Foods® to Report Third Quarter 2024 Results on November 14, 2024PR Newswire
- Edward and Ludmila Smolyansky Support Danone Bid to Acquire Lifeway Foods (NASDAQ: LWAY) [Yahoo! Finance]Yahoo! Finance
- Lifeway Foods® Announces Expanded Kefir and Farmer Cheese Distribution Deal in Dubai and U.A.E.PR Newswire
LWAY
Sec Filings
- 11/5/24 - Form 8-K
- 11/5/24 - Form 8-A12B
- 10/4/24 - Form 4
- LWAY's page on the SEC website