Lifeway Foods rejects Danone’s takeover offer deemed

Opinion
Is Lifeway’s rejection of Danone bid shrewd or a gamble?
Lifeway believes Danone’s offer undervalues its business. But will the French dairy giant return to the table?
Lifeway Foods rejects takeover worth over $280 million
The Morton Grove-based kefir maker turned down Danone's offer, saying the $25-a-share deal undervalues the company.
Lifeway Foods rejects proposal from Danone
Lifeway Foods Inc., Morton Grove, Ill., announced that its Board of Directors has rejected the unsolicited proposal made Sept. 23, by Danone North America PBC to acquire all the shares of Lifeway that it does not already own for $25 a share.
Lifeway Foods rejects Danone’s $283M ‘opportunistic’ takeover offer
The keifer maker said its board determined that the “proposal substantially undervalues” the company and was not in the best interest of its shareholders.
Lifeway Foods Rejects Danone Buyout, Adopts Poison Pill
Lifeway Foods has rejected a buyout bid from France's Danone and has adopted a shareholder rights plan aimed at thwarting any hostile takeover. Lifeway on Tuesday said its board determined that the $25-a-share proposal from Danone substantially undervalues the Morton Grove,
Lifeway Foods rejects Danone’s takeover offer deemed as undervalued
Lifeway Foods has rejected the takeover bid lodged by Danone in September as the US-based kefir maker deemed the offer to be undervalued. France-headquartered dairy giant Danone had sought to increase its 23.
Lifeway Foods falls as it rejects Danone offer, adopts shareholder rights plan
Lifeway Foods (NASDAQ:LWAY) dropped 2.6% in premarket trading after the maker of Kafir products rejected an unsolicited $25 a share proposal from Danone (OTCQX:DANOY). Lifeway (LWAY) also announced that it adopted a limited duration shareholder rights plan,
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Lifeway Foods Founding Family Members Express Support for Danone Acquisition After Board Rejects It
Edward and Ludmila Smolyansky release statement in support of reconsidering Lifeway Foods’ rejection of Danone North America ...
Lifeway Foods largest holders urge the company to negotiate with Danone
The two largest holders of Lifeway Foods (NASDAQ:LWAY) are calling for the board of the maker of Kefir products to reconsider Danone's (OTCQX:DANOY) $25 a share offer. Edward and Ludmila Smolyansky, ...
LIFEWAY FOODS REJECTS PROPOSAL FROM DANONE AND ADOPTS LIMITED DURATION SHAREHOLDER RIGHTS PLAN
Lifeway Foods, Inc. (NASDAQ: LWAY) ("Lifeway" or the "Company"), a leading U.S. supplier of kefir and fermented probiotic ...
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The secret to Lifeway Foods’ success
On Sept. 23, Danone offered to pay some $283 million — $25 per share — to purchase the 76.6% of Lifeway Foods it does not ...
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Lifeway Foods announces expanded distribution deal in Dubai and U.A.E.
Lifeway Foods (LWAY) announced an expanded distribution agreement in the United Arab Emirates market. “The offering of 32oz Lifeway Kefir, 8oz Lactose-Free Lifeway Kefir, ProBugs and farmer ...
Lifeway Foods® Announces Expanded Kefir and Farmer Cheese Distribution Deal in Dubai and U.A.E.
Lifeway Foods, Inc. (Nasdaq: LWAY) ("Lifeway" or "the Company"), a leading U.S. manufacturer of kefir and fermented probiotic ...