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Stock impact report

Inside The Epic Battle Between Danone And Lifeway Foods—And Its Squabbling Founding Family [Forbes]

Lifeway Foods, Inc. (LWAY) 
Last lifeway foods, inc. earnings: 5/18 05:59 pm Check Earnings Report
US:NASDAQ Investor Relations: lifewaykefir.com/investor-relations
Company Research Source: Forbes
But for CEO Julie Smolyansky, the Ukraine-born daughter of Lifeway's founder, it's personal—and her mom and brother are not on her side. L ast September, Julie Smolyansky, the CEO of kefir brand Lifeway Foods, saw an ominous email at 4 a.m. Chicago time (11 a.m. in Paris) from Danone, the French-based dairy giant that had first invested in her father's business back in 1999 and currently owns just under 25%. Danone was requesting a meeting in three hours. During the call, the executives revealed that they intended to buy a controlling stake in the Nasdaq-listed business—and they didn't seem to care much about what Smolyansky thought about it. “I didn't even get the courtesy of 'let's have lunch' or ‘let's talk,'” says Smolyansky, who has run the fermented beverage business—a cousin of drinkable yogurt—since 2002 and, who, along with her mother and brother, controls some 45% of Lifeway's stock. “I'm not going to be bullied,” she says. “I'm not afraid.” The phone call was the cu Show less Read more
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