Lifeway Foods rejects Danone's takeover offer deemed as undervalued [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
France-headquartered dairy giant Danone had sought to increase its 23.4% minority interest in the Nasdaq-listed business into full ownership, offering to buy the remaining shares at $25 a piece. Shares in Illinois-based Lifeway Foods dropped almost 3% at one point today (5 November) to $24.09 as the proposal was thrown out by the company's board, as was revealed in a filing with the US Securities and Exchange Commission (SEC). They recovered to trade relatively flat at $24.80 as of 4:08pm GMT. When the bid was disclosed on 23 September, via Danone North America, Lifeway Foods' shares closed the day at $21.50. Lifeway Foods has also sought today to block Danone from taking full control of the company through open-market share purchases without paying a premium to shareholders. A so-called rights issue has consequently been launched. “After careful and thorough consideration, conducted in consultation with its independent financial and legal advisors, the board determined tha
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News
- Lifeway Foods turns down latest Danone takeover bid [Yahoo! Finance]Yahoo! Finance
- Lifeway Foods® Announces Latest Innovation: Probiotic Smoothie + Collagen [Yahoo! Finance]Yahoo! Finance
- Lifeway Foods® Announces Latest Innovation: Probiotic Smoothie + CollagenPR Newswire
- LIFEWAY FOODS REJECTS REVISED UNSOLICITED PROPOSAL FROM DANONE [Yahoo! Finance]Yahoo! Finance
- LIFEWAY FOODS REJECTS REVISED UNSOLICITED PROPOSAL FROM DANONEPR Newswire
LWAY
Sec Filings
- 11/20/24 - Form 8-K/A
- 11/20/24 - Form 8-K
- 11/15/24 - Form SC
- LWAY's page on the SEC website