Lifeway Foods turns down latest Danone takeover bid [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
Last week, the French dairy giant raised its offer to buy Lifeway to approximately $307m, or $27 per share, after having its initial September proposal of $283m, or $25 per share, turned down. Danone, which already owns 23.3% of Lifeway, had said the new offer represents a 72% premium over the three-month volume-weighted average price of Lifeway's shares as of the last trading day before the Activia maker's initial proposal on 23 September. Just Food has approached the Activia maker to comment on Lifeway's decision to rebuff its latest offer. In a statement, Lifeway said the new bid “is not in the best interests of the company and its shareholders or other stakeholders”. Lifeway said it remains "focused" on its plans to expand kefir's reach to more households while also venturing into "adjacent categories." In rejecting Danone's offer, Lifeway pointed to its recent performance, including 20 consecutive quarters of growth, double-digit year-over-year revenue increases, and i
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News
- 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
- Lifeway Foods' Q3 Earnings Lag Estimates, Sales Rise 13% Y/Y [Yahoo! Finance]Yahoo! Finance
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