Lifeway Foods blocks Danone takeover with poison pill strategy
Lifeway Foods, a pioneer in kefir and probiotic products across the United States, made a definitive stand by rejecting a $283 million takeover bid from Danone, the French dairy behemoth. In a decisive and high-stakes move, Lifeway Foods’ board implemented a “poison pill” strategy to prevent an unwanted takeover, a response that has stirred the […]