A fresh start? Danone swoops for factious Lifeway Foods [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
Lifeway Foods may not be well-known to many outside North America but the US kefir maker has attracted headlines in recent months for the clashes involving the family at the centre of the business. Danone has been a long-time minority investor in Lifeway and, this week (23 September), the dairy giant made a move to acquire the business outright. The French giant's position on the future of Lifeway has been the subject of speculation for some time and, amid the ongoing rancour at the Illinois-based business, it has decided to act, putting forward “a compelling proposition” to shareholders that “reflects the fundamental potential of the company”. Danone, which owns just over 23% of Lifeway, has tabled a cash bid worth $25 a share. At that level, it is estimated Danone will have to pay around $283m to buy the business outright. The offer represents a 59% premium to $15.74, Lifeway's average share price during the three months before the bid was made. Lifeway's shares closed at $
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News
- Lifeway Foods Confirms Receipt of Unsolicited, Non-Binding Proposal from DanonePR Newswire
- Lifeway Foods, Inc. (NASDAQ: LWAY) was downgraded by analysts at Noble Financial from an "outperform" rating to a "market perform" rating.MarketBeat
- Should You Investigate Lifeway Foods, Inc. (NASDAQ:LWAY) At US$21.50? [Yahoo! Finance]Yahoo! Finance
- Danone bids to take full control of US kefir maker Lifeway Foods [Yahoo! Finance]Yahoo! Finance
- Wall Street Breakfast Podcast: DOJ Reportedly To Sue Visa Over Debit Card Monopoly [Seeking Alpha]Seeking Alpha
LWAY
Sec Filings
- 9/23/24 - Form SC
- 9/4/24 - Form 4
- 9/4/24 - Form 4
- LWAY's page on the SEC website