Will Lifeway Foods sell? Danone raises offer in battle for probiotic leader

Will Lifeway Foods sell? Danone raises offer in battle for probiotic leader

Lifeway Foods, Inc. (NASDAQ: LWAY), a leader in kefir and probiotic fermented dairy products, has confirmed receiving a revised, unsolicited acquisition proposal from Danone North America Public Benefit Corporation. The updated bid offers $27 per share in cash for all outstanding common stock not already owned by Danone. This marks an increase from Danone’s earlier […]

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 […]