Lifeway Foods open to potential sale despite rejecting Danone offers [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
Danone, which already holds a 23.3% stake in Lifeway, tabled its second offer, worth around $307m, or $27 per share, on 15 November, following an initial proposal of $25 in September. The US kefir maker has turned down both approaches. The French dairy major said its second bid represents a 72% premium over the three-month volume-weighted average price of Lifeway's shares as of 23 September. Lifeway insists Danone's latest offer “substantially undervalues” the company. However, in a statement issued yesterday (26 November), Lifeway's board said it is “not opposed to the sale of the company at any price". The board believes Lifeway's plans to grow the business have the potential to deliver “superior value” to shareholders compared with Danone's latest offer. In rejecting the bid, Lifeway said it has achieved 20 consecutive fiscal quarters of year-over-year topline growth. It reported record annual sales of $160m in 2023, marking a 13% increase from the previous year. Lif
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LWAY
News
- Lifeway Foods, Inc. (NASDAQ: LWAY) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Lifeway Foods Announces New ProBugs Organic Kefir Distribution in More than 250 Harris Teeter Stores [Yahoo! Finance]Yahoo! Finance
- Lifeway Foods Announces New ProBugs Organic Kefir Distribution in More than 250 Harris Teeter StoresPR Newswire
- Lifeway Foods, Inc. (NASDAQ: LWAY) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Lifeway Foods, Inc. (NASDAQ: LWAY) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
LWAY
Sec Filings
- 12/20/24 - Form 144
- 11/26/24 - Form 8-K
- 11/22/24 - Form 144
- LWAY's page on the SEC website