Lifeway Foods blocks Danone takeover with poison pill strategy

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 […]

Danone to offload effective control of EDP business in Russia

Danone to offload effective control of EDP business in Russia

French food company Danone has decided to begin a process of transferring the effective control of its essential dairy and plant-based business (EDP business) in Russia. According to Danone, the decision is appropriate for ensuring local business continuity in the long term for its employees, partners, and consumers. However, the transaction may end up in […]

Danone injects €100m to bolster specialized nutrition business in China

Danone injects €100m to bolster specialized nutrition business in China

Danone said that it is investing €100 million in China for bolstering its specialized nutrition business in China besides broadening and deepening its variety of nutritional products and services that are customized to Chinese health requirements, traditions and tastes. The French dairy giant will use the investment for opening an open-science research center in Shanghai, […]