Edward and Ludmila Smolyansky Support Danone Bid to Acquire Lifeway Foods (NASDAQ: LWAY) [Yahoo! Finance]
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: Yahoo! Finance
valued at approximately $283 million , offering 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 company's potential and believe that Danone's proposal presents a unique opportunity to enhance value for all shareholders. "We encourage 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)PR Newswire
- 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